made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.

I’ve started to explore the “creative deals” side of real estate & honestly it’s pretty amazing.

What made you interested in investing in this type of deal?

Using them to pay cash to individual contractors seems to work fine, but it appears you cannot use them for a down payment type transaction anymore.It's a shame, that was a unique way to get some quick short-term cash for deals.Good luck on your deal.

What made you interested in investing in this type of deal?

Love deals like that :)

What made you interested in investing in this type of deal?

Considering this seems to be an costly effort, I did not pursue this deal.

How did you finance this deal?

What's good about it is the seller is ready to sell and ready to make a deal, we know the starting price, we can inspect the property, and run the numbers.