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Resources on Contingencies/Contracts
Hello everyone, what contingencies or "subject to" can be used when putting an offer? What are some good resources to learn about this and contacts in general? Any help is greatly appreciated.
Marcella Sykes
How much for contingency?
Considering a property purchase of $50,000, needing a complete overhaul. ARV $234,000. Estimated repairs $110,000 how much should I include for contingencies?
Raymond Hill
Back Payment Contingencies/Penalties
Hello Everyone,
I have a question about a seller-financed deal. If a seller has a tenant in a home and owes back payment in which we plan on paying to bring the loan current is there anything we can add to the agreem...
Cam L.
First Deal Learnings: Contingencies
Hey everybody,I closed on my first investment property earlier this month and learned a ton along the way. One of the biggest learnings of the process was understanding the importance of contingencies.If you will be b...
Marc Bushee
Contingencies when writing offers
What kind of contingencies are people adding when writing offers on properties, outside of the standard such as financing and inspection? For example, showing current leases and transferring depositS at closing.
Chris Rose
Weird Listing Agent Contingency
I have been working with a real estate agent on a potential flip property. She contacted me today saying the listing agent said that the potential buyer would have to buy the property with cash or conventional financi...
Jonathan Warner
No finacing contingencies allowed?
Hello. I'm perusing through some online listings for multifamily in my area. I noticed a triplex that seemed to have an interesting bit of information in the description."Only cash or cash equivalent contract consider...
Stephen Neto
Signing the P&S with contingencies
I am in the process of purchasing my first 3 family investment property. I need advice to setup the contingencies in the P&S to my favor so I can back out for any reason I see fit. What should I include to prote...
Calvin Kwan
Contingencies in a competitive market
Hey Guys,In a competitive market, what time frames are you giving on your contingencies? My agent is suggesting a 10 day loan, appraisal and inspection. 30 day close.Does that seem a bit aggressive? We've identifie...
Jennifer Williams
Files for contingent on inspection
I am about to hear back on an offer that is contingent on inspection. If they accept we have a closing date set for a month from now. Was wondering if there are any document in the "files" section on bigger pockets th...