it can still close and record  or  ( settle)  if the gross sale price minus the mortgage if any leaves room to pay the IRS lien if its recorded and since this is last minute.your closers there ( assuming attorney outfit) probably waited to last minute to pull a title report.. and this jumped up.specific performance is a long drawn out legal action.. which most folks wont do..

Stay with it and do as much research as possible before you pull the trigger on your first multi family.

They pulled too hard on the screen door, causing the attached metal rod to rip out a few pieces of wood from the frame.

Even though Quicken already pulled my credit I'm thinking I need to talk to a different local lender.

To best identify true value, I would look on the MLS or utilize an agent to pull comps for current condition and ARV comps. 

would think your laws in CA would be the ones to check on.. sounds like this probably does not have a happy ending .. but maybe the lady with the 3 kids can pull it off. 

Hi...I have a question about refinancing rental properties and pulling out money. 

I’d like to pull out a HELOC on my property to pay down some outstanding debt and perhaps close my first rental deal.

How do we take fluctuating rates of HELOCS into account... the thing about HELOCs is that there is risk in rates rising, but there is also more ability to affect your monthly payment and therefore increase your cashflow by paying down principal... which you can't do with a fixed mortgage.What are your thoughts for what points to consider and what levers to pull when comparing the two options when its a HELOC you're coming to a deal with?

I've been planning out how I would be able to fund a downpayment for my first property and was hoping to see what other's thoughts are.Option A - Use savings and take a loan from my 401k.Option B - Use savings and refi current home and pull the cash out.