12 April 2021 | 1 reply
I'm thinking about just leaving the contract during the inspection contingency as it seems useless to try and move it to investors.
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18 July 2021 | 4 replies
we need help after a year trying to get into commercial,we're running out of time in contract on an office warehousecondo and have gone through 1000s of pages of paperworkwith a CDC/SBA/Bank and received contingent approval,but got a screen-out on a SBA 504 resetting the clock.we're running out of time asking for a 2nd extension,offered our earnest money and trying to figure outhow to close this deal in 3 days or less than 3 weeksif the extension is accepted?
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12 April 2021 | 3 replies
But your offer should have an inspection contingency, so if you get in there and see anything you don't like you can get out of the deal.I think you're making a really smart move to start this way.
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17 April 2021 | 18 replies
They will have much more focused feedback than a real estate agent - most of whom have little clue what an investor landlord is looking for.3) Make sure you find & hire your own inspector to avoid conflicts of interest4) Make sure any purchase agreement has contingencies to receive leases, rent ledgers, rent applications, etc BEFORE the closing.You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes
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13 April 2021 | 6 replies
Purely for example, I was really excited about a property listed at 199k so placed a cash offer with zero contingencies of 205k thinking it would be a solid offer.
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24 April 2021 | 6 replies
A local realtor can give you better specifics, but many homes here are going for all cash, no contingencies and often $30k-$50k above asking price.
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13 April 2021 | 0 replies
Do you have any lessons learned, builder contract clauses, contingencies that should be considered before I embark on this venture?
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12 November 2021 | 81 replies
So things like putting in the least amount of contingencies.
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14 April 2021 | 3 replies
We signed off all the contingency other than loan contingency at around March 20’s.
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14 April 2021 | 1 reply
Those unexpected repairs will happen here and there regardless of what age of property you go for - contingency funds are always recommended.