Account Closed - No one accused you of being anything but true and forthright, however our Terms of Use mandate full disclosure as to business or other relationships when posting reviews and you previously failed to do that, which is why the post was removed.

i want to give full disclosure to them.if it matters, here's the deal:small duplex, out of town owner, he owes 20k, they are asking 18k but are willing to accept far less (but the wife isn't supposed to know he said that, lol) it's in his name only anyway.unfortunately, the only recent sales in that neighborhood are <$10k for same sq footage/bed/baths. and i'm sure if i offered them 8k, they'd take it, but that would leave them having to come up with 12k to pay off the loan.i'd be happy to pay 20k over 5-6 years... i mean have tenants pay off the loan in 5-6 years, then free and clear pure cash flow. this would allow owner to get out from under this upside down deal without paying another cent.

This has a bit to do with when I mention that just because an investor thinks they have a contract and talk someone into jumping off a bridge your contract, disclosures and entity won't be protecting you depending on how foul you were.

You’ll be paying for the property whatever the agreed price was LESS the discount paid for the note you purchased and later traded.For complete and full disclosure, this technique was taught to me by Jimmy Napier, one of the early real estate gurus, and one of the best.  

At a minimum there is a required disclosure in the purchase contract. 

Hi Jeremy,Full disclosure - I'm the General Manager for New Western Marietta locationI'd like to take the time to give some context about this post and its regrettable to hear your feedback about this deal. 

You really need to be sure that there is equity, that you make full disclosures and you are protected in your offer with an out in the event you can not find the cash buyer.How much equity is in the deal?

It also tells you what generalities it won't cover (something not of record  but observable by inspection), so you will observe and ask questions and get things fixed prior to closing.Ninety percent of the value of title insurance is that it forces (if you're smart) disclosure and awareness, thereby preventing claims in the first place.As for owner's policies in general, one should have them.

I use the standard CAR lease and disclosures.

Hi Corey -Full disclosure, I'm a consultant on a part-time contract with Pacaso.You are partly correct!