Signing the P&S with contingencies

2 Replies

I am in the process of purchasing my first 3 family investment property. I need advice to setup the contingencies in the P&S to my favor so I can back out for any reason I see fit. What should I include to protect my $5k deposit? I also assume I get my deposit back if I decide to back out?

@Stephen Neto I would ask for a 10-15 day due diligence period for inspection and review rent roll.. if you are not satisfied by the end of the due diligence period you will recieve a full refund of deposit.. Just needs to be on the schedule of contract if not already on pre worded offer