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Updated almost 3 years ago on . Most recent reply

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14
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3
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JoDaniel Vazquez
  • New to Real Estate
  • DFW
3
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14
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Finally got through my analysis-paralysis but in a dilemma!

JoDaniel Vazquez
  • New to Real Estate
  • DFW
Posted

Hi everyone! This is my first post ever, listening to the pod cast for almost a year and reading forums, I was still stuck on pushing forward and taking action. But with the help of the BP community I finally said Let's do it! Found a property in Dallas , Tx, put in an offer and won the bid, thanks to my amazing agent and loan officer. The only thing is that , my lease isn't up for my current apartment! And I have no one to take over and no money to break the lease! I really don't want to back out of this deal because I see it to be a really good first deal but I feel like I jumped the gun on this and have no choice. Complex doesn't allow subleasing. Closing cost is around my budget but the inspection came back and There's fixing to do immediately! What should I do? Please any suggestions would be extremely helpful! Thanks guys!

Most Popular Reply

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5,037
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4,678
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Taylor L.
  • Rental Property Investor
  • RVA
4,678
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5,037
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

What exactly came back on the inspection that needs to be repaired immediately? How big of an Earnest Money Deposit did you put down?

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