Munim Jalil
Seller wants us to waive appraisal clause - thoughts?
Hi All,I like to the BP thoughts on this.Context - We are in the midst of purchasing a 3-family property in NYC to be used as an investment rental.We agreed upon a purchase and had our contract drafted and sent to the...
Ross McKenzie
Letter of Offer Contract - Escape Clauses
Good Day Ladies & Gentleman. Any suggestions please on drafting reasonable (acceptable to Vendor) Letter of Offer / Intent to Purchase Contract "ESCAPE" clauses? I've scoured Forum & REI Educational Material...
Brian Zaug
I want this property, how do I get it?
So this property popped up on the MLS the other day and my agent and I went to see it yesterday. I knew it was a sweet deal as soon as we walked through it so we put in a cash offer for full asking price (135K). So...
Kenneth Silva
Escalation clause with offer
I'm looking to buy a rental property in the Boston area / north shore which is a very competitive market right now. It is definitely a sellers market and difficult to not get outbid on everything you offer on. I'm co...
Antony S.
60 day "subject to financing" clause of a contract?
Is this being used in todays market?Can it be plausible for someone just starting out in REI?How big a buyers list do you need or how much expereince do you need before considering using it?Thanks for your response,An...
Mindy Jensen
What unique clause in your lease do you feel most proud of?
Maybe proud isn't the right word, but I read a ton of advice in these forums every day, and I pick up a new clause here and there on a pretty regular basis. Of course, proper screening makes these clauses less necessa...
Thomas Parsley
Phantom Bidding? Happening again?
Just tossing out my 2 pennies worth here, but could this actually be happening again? Just curious if anyone here has had any experience with phantom (fake) bidding. I was listening to Ep. 41 yesterday and it mention...
Linda Pierce
Do you need to know if the title is clear? Do you have that as a contingency in your offer to buy contract?
I am educating myself like crazy right now. I plan to begin my business wholesaling houses. I am currently watching Steve Cooks wholesale DVDs that he did in Long Island a while back. But I don't quite understand abo...
Alexandra Isenhour
Can I request a higher rate than what is in the renewal clause?
How enforceable are option to renew clauses in leases? I bought a building in 2020 and the current tenants price per square foot is very low. Their lease expires in August and they have reached out to renew. Their ren...
Ciera Yorty
Does Seller(A) have to sign the Assignment contract too?? Help
I've been learning everything I can about wholesaling and am stuck on this. I'm aware that both the seller and I need to sign the purchase agreement. But Is it important for them to also sign the Assignment sheet betw...