Vijay G.
Condo contact with no inspection contingency
We signed a condo contract with no inspection contingency. We deposited 4k on earnest money deposit. Seller allowed us to perform inspection(for information purpose only) and we discovered few issues(window not shu...
Jonathan Kelly
Selling contingent upon buyer's home selling
Hi everyone! I'll try to keep this as short as possible:I am a part time agent and investor. I bought my first flip in Dec of 2015 for 58,000. I lived in it and fixed it up for a year (put roughly 16,000 into it) a...
Larry Hatten
PA WHOLESALING CONTRACT WITH CONTINGENCY CLAUSES
Hi any one know a good PA WHOLESALING CONTRACT WITH CONTINGENCY CLAUSES?
Ray Ochs
earnest money disposition- all contingencies removed
We used a California Residential Purchase Agreement RPA-CA revised (4/10) without a realtor to purchase a condo. We placed down a $30K earnest money deposit to escrow. We were informed by our loan agent that the loan ...
David Rivera
Lease option contingent on landlord's death
I am exploring entering into a lease option on a prospective home in a desirable school district. The landlord is 80 years old, regards my family as low-maintenance long-term tenants, and wants to retain control of t...
Kyle Bishop
Seller financing: setup, taxes, and contingencies?
Hello all.
I'm exploring a deal on a property that is well suited for seller financing: house paid in full but desperately in need of work (for which the owners don't have the cash to fix themselves) and the owners w...
Randall Wolff
Offer Contingencies regarding tenants and utilities
I found a property that I feel would be good for a BRRRR property. However, the tenants in the lower unit make white trash look good, and the upper unit is behind on rent, and has the power turned off. I asked my real...
Stephon Blackwell
Maximum Offer Formula and Contingency Expense
I'm currently reading the book "FLIP: How to Find, Fix and Sell Houses for Profit" by Rick Villani and Clay Davis.
They have a formula that they use to determine their maximum offer.
Here it is: After Repair Valu...
Jason Miller
Contingencies In Offer Using Seller Financing
Good evening BP-I may have an opportunity to purchase a duplex using seller financing but I wanted to know what sort of contingencies would be prudent in this case. I haven't received confirmation that the seller own...
Account Closed
Contract contingencies to add to offer
Working to find our first deal. Are there any contract contingencies you wish you would have known/thought about when you first started REI’ing?Just wanting to make sure we have a good escape plan if necessary😉TIA