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What do you use in your contracts as out clauses?
Have you ever had to use them, and if so did it get messy, or go easy?
Also, I hear about those who use an inspection clause as an out? Couldn't your end buyer use t...
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I'm new to wholesaling and wondering if I can assign my "offer to purchase" or If I have to go through and complete a PSA with the seller and then assign that to my end buyer.
Thanks
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I have not been able to find a 1031 clause with sale of property as a condition of the purchase contract. Buyer wants to use a 1031 exchange to purchase but wants contract to terminate if original sale does not occur...
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Hi everyone, looking into buying a property (as a personal residence), I received this counteroffer around an hour ago. They have requested multiple changes to the original offer that worry me. 1) Termite clearance to...
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I have seen a number of houses in my area with contingencies on them. Can I make a cash offer and ,if so, does that take precedence over a contingency?Also, if so, can I propose a lower priced offer and how is that c...
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I understand this may fall under the "consult with your attorney" category, but I thought I'd throw this question out there. In the state of Ohio, if a house is in foreclosure and scheduled to go to auction, if I succ...
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When does a property normally get to "Pending status"? Is it mutual acceptance and both parties sign the contract? Or is it when the Inspection, Financing, and/or other contingencies are waived? I'm not sure if the...
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Hi BP Members,I am in a not so common situation right now. I got into contract to buy an apartment in Contra Costa, County California around 26 days back. We got into contract as soon as the property came on the prope...
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Hey BP!I'm looking to go into contract on a 3 properties that I have not seen yet. I know the area because I have 2 properties there now so my only hesitation is how much work is needed. I know from the podcast as wel...
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I already have buyers in place but I want to protect myself as much as possible with a contingency clause.
The clause on my contract now states, "The sale of property is contingent upon buyer obtaining third party fi...