They are a partner in the transaction so your success is their success.

The inspector is usually retained and working on behalf of the buyer.So, contact the HOA, see what the HOA is willing to do, see what the seller is willing to do to remedy the situation, and decide whether you want to proceed with the transaction.

Chris, the "no money down" thing works like this: You get Transactional Funding to close the AB transaction.

If you're considered a dealer and the transaction is, in fact, a flip, then the property is considered inventory.

If the seller wants to use their own attorney, we require that your attorney is in receipt of the 100% of the amount necessary for the BC to close when we provide transactional funding for double closes.

This have been difficult for me because I have not yet done a transaction, I’ve sold some homes as a Realtor, but I feel like with how appreciated our market is, the price I would pay for the 4 units would be higher than the rent (unless new paint, carpet, and appliances were added - then I could increase the rent)...my biggest area of difficulty though is the MATH.

Hi BiggerPockets!Hypothetical question; asking for a friend.What are the prospects of purchasing, say, a triplex using the equity from another duplex as collateral? Just curious.Colin

People often include these (and right of first refusal) in real-estate transactions without really thinking about the exact mechanism.

What is the first step and is there anyone willing to mentor us through this first transaction?

(Florida Stats) I will say that there has been an effect to certain micro markets and neighborhoods that have more than average damage from Irma slowing down some transactions because repairs not being completed as fast as people would like and some condo associations/board of directors can't seem to get along well enough to get things fixed.