Ryan Bird
How to cancel a contract and sign new one?
I signed a leasing contract under my name. I now want to change it to llc name. I’m sending an updated contract with llc name. Will this automatically cancel old contract with my name on it? Wondering how do we offici...
Michael Ferrell
Can not enter the property until contract is executed
I am putting an offer in on a 4 plex and the current owner will not let me enter until we have an executed contract. What are your thoughts as investors on this? I dont think the renters have trashed the place but wit...
Michael Weis
Title Insurance for Seller Financing on a Land Contract
I just closed on a Land Contract using Seller Financing in Virginia. Virginia has some weird laws, this "land contract" is a cash flowing duplex. I did not have an agent representing me as it was a FSBO and we were a...
Ramsey Blankenship
Seller may die while under contract...what happens next?
Under contract for a Multi-Unit complex in which the seller resides. The seller has become bed-ridden and it seems very serious. We discovered the severity of the issue in a very abrupt, odd way.
Our team scheduled...
Luke Tran
Motivated Wholesaler needs advice for binding contract w/ Seller
Hi everyone,
I'm a novice real estate agent/investor in Las Vegas area. I'm holding a cash amount of $50k but cannot get prequalified for a loan/mortgage because I already have one. I want to experience wholesaling,...
Grant Zaharis
Form 2T or own Offer to Purchase and Contract?
Hey BP,I have my own offer to purchase and contract form created from a few different resources that i know will provide me an inspection contingency however I want to be sure I don't have to use the standard form 2T....
Matt J.
Buying a Property Owned on a Contract for Deed
If someone were to purchase a house that is owned on a contract for deed basis, who would own the deed after closing? For example, one investor buys a property from an owner on contract for deed. That investor turns a...
Nnadozie Nwogbe
Property under contract and seller sells to another wholesaler
Got a property under contract at 6pm on the day before, posted it online and on Facebook groups and by 1:30pm the following day someone knocks on sellers door and she sells it off to the next person. I am not naïve to...
Dale Viljoen
Builders reports without having a condition in the contract
This post may seem a bit confusing but I will explain what I mean. I am currently reading a book to learn more about the process of purchasing a property. In the current paragraph it says "The conditional period is us...
Vincent Gizzi
Is it reasonable to pull out of the contract?
We did a live-in flip and went under contract with a buyer on March 21st. Under contract for 119.9k. We haven’t closed on the house. It sounds like the bank has not approved the buyer’s loan for financing. They added ...