John Cusick
Customary Land Purchase Terms
In a commercial land purchase transaction in Northern California with the value of under $10M, what is customary for the terms below?- earnest money deposit - is 3%, 5%, 7% or higher customary?- duration of the non-fi...
Kal Paneliya
Changing name in contract before closing
Hello,I am currently in a contract for one real-estate with another partner of mine. The closing is yet to be done. Currently, both of us have signed the contract. However, I want to back off the plan and only my part...
Colin Schleining
Project Manager for Rehab in West Los Angeles
Extensively renovating a SFH on the westside of LA that will be used for short term rentals. Looking for Project Manager/Construction Manager to oversee project - including securing GC bids, manage GC and oversee over...
Sean H.
Simplisafe cancellation policy?
I asked some Q&A to a sales rep, and it seems like a pretty good system for me considering it doesn't require wifi or a lan line. I generally just need something that i can have, once i drop my appliances in and h...
Account Closed
How to deal with an uncooperative Listing Agent?
I have a borrower (self-employed) who is purchasing a 640k property in Orlando area who has had to clear up unexpected conditions in order to obtain a loan commitment, but he has done what was needed and we're back on...
John Lee
Buyer repair request
This is my first deal, and I'm in a buyer market. Some of the request seem to be simple fix and trivial. What i need to agree to and what can i get away with without the deal fall through? I like the idea of just redu...
Edward Howell, V
I finally closed... (Union Square Baltimore 90-180 day challenge)
-Initial offer made 11/8/17 (I was on my 90 day challenge twist... turned into 180)-ratified contract 11/16/18 -Purchase Price: 41K-Bro Science Rehab Cost: 20-40K (This is my first one/Kinda winging it) -ARV: 80-120K...
Viral Mehta
Seller backing out of a signed contract in Texas
I signed a purchase agreement for my first investment property in Texas - the original closing date was early April. I paid my earnest money on time and have my loan ready to go. However, it turns out that the seller'...
Sunny Malik
Rate Lock Penalty - charing if don't close by time rate lock is up.
Hi everyone, Quick background, I'm a real estate investor with a high paying W2 job and credit score around 780. We're working on financing out of a current property and ran into some issues with the appraisal. As a r...
Luke H.
Would You Do This Deal? Lending Opportunity
Hi allI hope all is well. I was recently offered this, wanted to get feedback, questions, etc. Assume you have cash currently earning 4.6% in high yield savings. Key Deal Points:Loan Amount: $88,000Lien Position: 1s...