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Tax, SDIRAs & Cost Segregation

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Adam M.
  • Rental Property Investor
  • Fort Collins, CO
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168
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Deposit section on P&S Agreement......

Adam M.
  • Rental Property Investor
  • Fort Collins, CO
Posted Aug 3 2008, 10:44

Hey, what's the difference on a P&S agreement in section 4. where it says:

a) By initial deposit submitted herewith receipt of which is hereby acknowledged.

b) By additional deposit due upon sellers acceptance.

Do you only put a deposit on one or the other? if so, how do you know which one? or both? I'm trying to figure out the best way to describe this to a seller. I'm trying to understand this first, lol. I'm a newbie.....thanks for the help!

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