If not, attorneys cannot bind anyone by signing contracts as they are not principals to the transaction.Either way - if you had a contract SIGNED BY SELLERS AND BUYERS without any back up buyer language then yes I believe you have a case against the sellers/listing brokerage.

And make sure your talk to your principal broker before you get into wholesaling. you can get in big trouble out here in Oregon if you have a real estate license and wholesale.

Also don’t forget about the principal pay down/equity being built from your tenants 😀 A common way to calculate a good deal is the COCROI aka cash on cash return on investment.

Also don’t forget about the principal pay down/equity being built from your tenants 😀 A common way to calculate a good deal is the COCROI aka cash on cash return on investment.

If a borrower stops paying on that first mortgage, and then the lender goes to foreclose, any equity that might have been had in the property is now gone because default interest, late payment penalties, legal fees, etc will eat up anything left after the principal balance of that first lien is paid.

Once the down payment + principal payments from buyer equal the 150k then the rest of the money is taxedNot a cpa and one can confirm above but this is my understanding

Also, most e&o policies do not cover you when you are a principal to the deal.

PITI is Principal, Interest, Taxes and Insurance. 

You'll need to prove to the principal that you can provide value.

Cash flow is small but I’m in it for long term principal pay down/equity What made you interested in investing in this type of deal?