Good day all. A friend just got his unit appraised in Bahamas for $282,000. Take away closing costs, he’s left with $245,000 in his pocket. He’s offered it to me for $240,000 and i pay all closing costs, 13% on the $2...

In Oregon it is my understanding, you have to have a real estate license to trade in real estate owned by someone other than yourself.

A lot of posters here keep saying sue for specific performance, but that happens about 0.000001% of the time.Think I'd take my inspection fees and get my E/M back and learn that you really can't force a seller to sign.And even if you could, a signature under duress isn't legal often.

For example, the desire for larger homes with bigger backyards is causing people to increasingly come to the San Fernando Valley from central L.A and for those already in the Valley to trade up in size.

Originally posted by @Lynnette E.

I also want to study up on real-estate more and make sure I am knowledgeable enough to execute my plan.

We added a 48 hour period directly after full execution of a contract, during which you and/or your clients need to walk through the property and determine if you are going to move forward. 2.

Buydown is trading initial cost for the interest rate.If you're planning to hold/live in the property for longer after the point, buydown is the way to go.

Just keep in mind that these structures are more complex and therefore more expensive, so you will be trading $800 tax for a higher cost of setting it all up and possibly some annual compliance costs on top of it.Maybe accept your $800 sacrifice to the Evil Lords of the West Coast as the cost of doing business and focus on increasing your cash flow.

We added a 48 hour period directly after full execution of a contract, during which you and/or your clients need to walk through the property and determine if you are going to move forward. 2.