First post but I've been lurking for a while. Quick run down, we bought our first home, a foreclosure and have it under contract for a nice profit. It closes 10/13. Found a second home to rehab which is also a foreclo...
New investor here and excited to be on bigger pockets!So I made an offer on a property (los angeles area) and the seller basically came back asking that the inspection contingency be waived as he is worried about me c...
I’m facing a situation with the property. Have you encountered instances where it looks like occupants are unwilling to vacate a property for sale, but attorney-in-fact who is selling property is assuring that the pro...
What types of contingencies do you guys put in your purchase agreement? Do you need them? Anyone have a purchase agreement they could share? Thanks!
I went to make an offer last night, and since I'm wanting to use a 203k loan, I knew it would be a pain in the ass. I asked for a financing contingency as part of my offer, but the real estate agent said they don't d...
What are some necessary contingencies that I should have in a contract? What are some exit clauses? I am trying to compose a contract based off a few that I found on the internet. At what point should I seek legal cou...
We recently submitted an offer on a house. The sellers agent recommended we remove the appraisal contingency due to competing offers. She told our agent that there had already been an appraisal and that although she...
What are some solid contingencies to input to my contracts that will limit my risk when only wholesaling?
my home buyer, removed the financing contingency 3 weeks before closing date and before his loan was approved. he claims since he removed the contingency, he could close past beyond closing date! is that true?thanks.
Does anybody have a good contingency clause? We need to sign a lease, but it can only be valid after HOA approval.Thanks,Stephan