John Spina jr
Newbie question about contracts.
Hey everyone, I'm a newbe investor from New York. When getting a property under contract with the seller, what exactly has to be on the contract that will protect you and give you time to do your due deligence. Ive he...
Raquel Zanoni
Up against all cash offers
Hi BP Community,I am new to real estate investing and looking to buy a multifamily in the next 1-3 months. For some background, the market that I am in is experiencing an inventory shortage and multifamily properties ...
Matt C.
Vacant Lot Purchase Agreement
I am looking to purchase a vacant lot in San Diego for the purpose of building a spec home. I have already spoken with the land owners and they are expecting my contract in the next day or 2. What is the appropriate l...
Wendem Shewa
EMD refund
Hello All,I am in a situation where I am in escrow and the loan was denied by the lending company. I made a deposit of 15.5K. I haven't signed to remove any of my contingencies on the contract such as, appraisal, insp...
Doug Price
Order of Typical Wholesale Transaction
To this point I have followed this typical pattern of getting my deals closed once I have a seller:1. Make a verbal offer.2. Evaluate the home.3. Write the contract.4. Renegotiate the price if needed based on potentia...
John Patton
Septic Tank question
I am placing last and best bid on home built in 1965 with septic tank. Its located in top 5 suburbs of Birmingham. Putting budget together next 24 hours. How much to allow for clean out etc...Best I can come up with i...
Jean G.
Earnest money going "hard" after due dilligences? Is it common?
Hello,I was trying to get a 48 unit complex (rural but stable area with just under 10% cap) under contract. There were 2 offers being considered by the seller (ours and that of another group) and we were asked for hig...
Jon Quigley
Question regarding earnest money and hard money lending
Hello. Here's a basic but key question regarding the mechanics of a purchase agreement on a property needing improvements (i.e. flip). I'm new to flipping and have not built up a track record yet that could be lever...
Chris Barcomb
Addendums / Additions to Texas Real Estate Contract
I’m seeking guidance on my first purchase. It’s a SFH. Will be bought as is with limited contingencies. Owner is in no position financially to make any repairs, therefore price will be very low. Only contingency I can...
Joshua Hayes
Home inspection informational only
I’m looking to buy my first home using a VA loan. The seller is asking for financing and appraisal contingencies and the home inspection would only be for informational purposes only. My agent says should anything com...