Typically, in your subscription documents you will have a clause that prevents you from fulfilling the demand for redemption if the money is invested in an asset and the asset is not liquidated.

Have someone who can fulfill the role of project manager and right-hand-man for all the actual rehab work.

Whether a person comes to the table with cash or with a loan really makes no difference in the end - there is still a closing.One big question is will the VA loan be finalized before you need to fulfill your end of the contract?

Be a lifelong student and be active.

You only get that when you fulfill the contract.You want to turn around and resell the property to a new buyer.

Even if they're not representing the seller/lender, there's nothing wrong with them determining that the contract isn't being fulfilled the way it was legally arranged, and therefore they want to protect *themselves* by ensuring that the contract reflects what's happening in real life.Also, the escrow company will now have more work (the loan package prep, signing and filing), and they may need to increase their fees, which *would* need to be approved by the lender.What I'm saying is, you're getting unnecessarily concerned at this point -- it's not unreasonable that the escrow company is asking for this and there's no reason to believe the lender will have an issue with it.I'm going to start stating "buyer reserves the right to purchase this property using non-contingent financing instead of cash" in all of my "cash only" offers from now on.I've put that in every offer I've made for the past 4 years.

For myself, I'm prequalified, can close as soon inspections are done and their side of the contract is fulfilled to satisfaction.Originally posted by "**********":Even if she knows who holds a first, it sounds like they may have a second.

You are not a life long commitment.

What I was implying is that commissions are not given by or to anyone, they are EARNED by agents for fulfilling the terms of a work contract.

Good call REI,Obviously you shouldn't promote a guarantee you can not fulfill (or are against any laws).