Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions?? 

@Kay S.Assuming you are getting title insurance (which I recommend) the closing costs will be similar to a traditional closing.

The whole point of a cash offer is speed and certainty - if you can bring a pile of money to the closing table today, I dont have to worry about you not getting the money to close. 

This was my first property, and while it's been a great learning experience, I made several mistakes along the way—ranging from choosing a realtor who was more focused on closing the deal than finding the right house, to having a poor inspection and overlooking issues hidden beneath the surface (literally).

If you get 1% to get an appointment / follow up call and close on 1 you are winning. 

Originally posted by @Justen Rider:Mark Matos, you said you closed a loan with them but later said you canceled before closing because they tacked on tons of fees before closing.

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

I'm an Architect and MRED Grad and have entitled and permitted over 200 units across Bay Area and Norther California, ask me anything about SB9 or ADU design / permitting

@Aj Green  Did you sign and close it?