Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago on .
Most recent reply
presented by
Wayne BrooksPoster
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,510
- Votes |
- 23,418
- Posts
I think I know why Ohio is cracking down on wholesalers, and perhaps other states will follow.
Wayne BrooksPoster#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
I got a copy of an Ohio wholesaler's purchase contract the other day. In addition to all the other one sided terms, these three stuck out.
60 day due diligence/inspection period
Closing to be120 days after end of DD period (180 days)
EM, $1,000 promissory note
What a f'ing joke. People really sign this kind of crap? This probably rises to the level of being predatory, so it's no surprise regulators are cracking down. Wholesalers using these kinds of contracts are forcing regulators to do something.