Jay Stein
Should I ask for earnest money back?
I recently entered into a contract to purchase a house using FHA financing, expecting to move into the house. Due to personal circumstances, I no longer intend to occupy and have thus decided that rather than skirting...
Jarrett Seigle
Purchase property back from private money lender.
Has anyone used a private money lender to purchase, close and rehab a flip project, Followed by purchasing the property back via personal personal cash to avoid monthly interest fees?
Justin Silverio
Short Sale with Money back to Seller?
I just got a call back from my direct mailing from a woman who is looking to sell her property so she can move to Florida. She owes about $150k and has missed a couple mortgage payments since last year. I estimate I...
Andrew Huffmab
No money down...cash back at closing!
I feel like a Carlton Sheets infomercial. I closed on #5 today and walked away with cash. I bought a single family for $35k in Hammond Indiana with a 5 year tenant. Rent is $650 per month. The house has new roof, wind...
James W.
How do you get your earnest money back?
I was under contract but deal fell through because I was unable to obtain financing. There was a clause in the contract that stated if I was unable to get financing, the deal is scrapped and I will get my earnest mon...
James W.
How do I get my earnest money back?
I was under contract to buy a MLS house in St. Louis, MO but the deal fell through because I was unable to obtain financing. There was a clause in the contract that stated if I was unable to get financing, the deal i...
Catherine Cleveland
How to pay back friends and family money
Our structure is I buy, partner rehabs, we split profits. We are typically in 60/40 up front (me 60) and split profits 50/50 on the selling of property. I have a few friends that want to give me (my LLC) their money t...
Dave Jones
Earnest money check bounced and buyer backed out
I'm selling my house FSBO and the buyer gave me an earnest money check made out to me. For whatever dumb reason, I held it and didn't deposit it for a few weeks.Right after I attempted to deposit it, the buyer backed ...
Luca Giani
Back out before the earnest money is wired
Hello,My client changed his mind about the deal before the earnest money are wired to the escrow account.Can he back out?Thanks!
Jerry Cima
How is a hard money loan paid back.
You get a hard money investor willing to loan you $125k at 10% for a 1 year term & origination fee of 1%. Doesn't that mean that within the first month you need to pony up 1.25k for the origination fee & about...