When doing a wrap mortgage, what kind of contingencies should be included, like when & how can i back out/ renegotiated in a deal, or should i included a time period to find buyer?
I have been under contract to purchase a foreclosure for approximately 100 days. Pursuant to the purchase and sale agreement, the seller is now in default because it has not closed within the specified term. The prope...
I am in contract on a multifamily property that was marketed and priced as a property without deferred maintenance. The inspection discovered some significant deferred maintenance items and some safety issues. While ...
My original closing costs were $7500 and now they went up to $9500. I was told it was because we renegotiated after the appraisal came back and we got less back from the seller than originally planned, but why did my...
I've never posted on this site but I have been lurking. I'm in escrow on my first investment property, in Cincinnati. I kind of broke the rules with this purchase because I don't have a team set up or anything. The pr...
Seen a few houses in the area and i am a first time investor, but was wondering if I should have and inspector or contractor look at a property before I make an offer because I don’t want to purchase someone’s problem...
I am in contract to buy a Free standing property leases to a national pizza chain. I am picking it at a high cap of 9+ with only 2 years remaining in lease. They have been operating this location for almost 23 years a...
The tech bubble bursting was our first strike. It put us "the batter" in a hole.
The real estate bubble gave us "strike 2". Bigger hole.
Strike 3!!!! I think we could be taking the final swing at present. I've d...
I was told I needed to pay $100.00 (non refundable) directly to the seller in order to cancel the sale or renegotiate if the inspection reveals a major problem with the property. I also put in the contract that I woul...
Hi All - Was looking for any recommendations on legal services for a wholesaling contract template to be produced.@Jessica Zolotorofe you seem to be very knowledgeable in this area lol but any other thoughts are welco...