Jordan Decuir
Option Period Extension Request due 2 Seller's Contract Violation
I am on day 6 of a 7-day option period to purchase a sfr in the Houston area. Our contract explicitly states, " Seller...shall immediately cause existing utilities to be turned on and shall keep the utilities on durin...
Jason Carter
Timing the purchase of a 1031 exchange
I'm selling a SFH and hope to 1031 into a commercial prop. I can get the tenant out of the SFH by end of May. So sale will hopefully be by end of June. Given that timing, when should we start making offers on commerci...
Samantha M.
HUD Listing Period Question
Investors can only bid on properties once a property has moved to the extended period listing. Below is an example from HUD homestore to make sure I have a good understanding of how this works.
1. Example property...
Samson Tefera
Hard money and concern
I took out a 1 year hml on my second flip, thought the project would take 3 months to complete, instead it took 6 months and I will be listing the property for sale shortly.I am concerned as to what would happen if I ...
Trong Dang
Lease Renewal or Lease Extension for rentals?
Hi,I am interested in renewing my leases with some of my tenants as some of them are coming to an end. I was wondering which would be best from a landlord standpoint, renewing the lease or extend the lease. I have r...
Jill Jays
No answer on renewal notice
Hi all - first time landlord of two flat. Assumed rental lease to expire 5/31/22. They asked via text several weeks ago to extend to 8/31/22 and I said I would do 7/31/22 to allow for time to renovate and flip before ...
Bob H.
Advice on extending buyer's loan contingency
I am selling a house in the Austin area. Originally the buyer wanted a 21-day loan contingency period. During our negotiations I got that reduced to 14 days. Later, when the buyer's agent asked to extend it by a week,...
Micheal Patterson
Capital Gain taxes on military VA loan?
Good Day Bigger Pockets community,I am an active duty military member and just sold the first home I had bought back in 2010 which I wish I didn’t have to sell it but at the time needed to pay off debt. The question I...
Moises Guerra Garcia
My agent chose an 18 day closing period. Is this normal?
The offer was accepted late Monday evening (October 3rd, 2022). The closing date chosen is October 21st. My agent chose this date. There are 18 days between these 2 dates. Since this is my first time purchasing a home...
Diego Figueroa
Seller wants "Move-Out Period"
Hey BP!I'm setting up a Purchase Agreement for a home with a seller that wants to stay another 30 days after closing, and rent the home back for that period, as a "move out period". It's my first time negotiating with...