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With offers on REO properties, is it more common or less common for investors to include an inspection contingency. In other words do most investors want one or do they forgo it or would it depend on the property?I as...
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Hi all, I recently received a large commercial line of credit to purchase distressed properties from wholesalers. I have been doing this, and miss out on most because they want cash and no contingency periods. I have ...
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I purchased a SFH that had a septic. When inspecting the property it was obvious hte Septic needed repairs. I created a contingency for the seller to repair and service the septic system. Spent the next year rehabbing...
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Hi, I have a seller who wants me to omit my inspection and financing contingencies. Have you had a similar situation and how do you handle it? Did you stand firm, negotiate or move on? Did removing them come back to...
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This is my first BiggerPockets post as a new investor. I am curious, what types of accounts/investments are people using for maintenance/repair funds and/or rent deposits? Are there any rules of thumb in terms of perc...
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We're looking at a house that has a renter in it who's supposedly paying $1,100/month with a month to month lease. With a few cosmetic upgrades, the place should easily rent for $1,400. Based on the pictures online ...
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Hello, I am wondering if a seller can back out of a deal after a agreed upon repair list was signed when one of the repairs is turning out to be more than anticipated? I am in Wisconsin if this helps. Thank you for an...
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A local agent told me for buying homes these days, need to avoid putting in contingencies to get offer accepted by seller. I'm just wondering if it has gotten that competitive and hot a seller's market in the SF Bay A...
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What are people's thoughts on making an offer contingent on the existing tenets being up to date on rent? The listing agent said the owner will forward this info early next week, but I am impatient to make an offer. I...
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In a cut throat market, your offer needs to stand out above all others.. Cash is king, quick close, above asking, etc.. Waiving of contingencies is usually up towards the top of the list too. At the surface it sounds ...