All Forum Posts by: Charise Manuel

Absolutely!!!  The last house I sold I was able to download the contract and send to my attorney.  Thank you for that wise advice!!!

Hi Denise, thank you so much for that!  Thats what I feel too, he says he can’t change it because its standard and I’m just so uncomfortable now he’s offering more money, when that’s not the issue, it’s the contract. He’s not willing to budge on it at all.  Thank you and that lets me know he’s not trustworthy 

I'm not able to download the contract because I'm not signing it. And no there is no down payment involved Yes he sent me a text saying he was the buyer and they wouldnt go in but he's not willing to amend the contract.  Its going to be a no deal for me.  Thank you soooo much!!!

No I had not asked for a deposit but that's wise and I think I will pass Thank you!!

Thank you I will try that!

Thank you, he refuses to do any other type of contract, he keeps saying it standard and I'm just not comfortable, it gives him too much authority even to sign documents in my name.  Thank you for your response!

My properties are in the rehab stage, and work is set to begin next May.
The issue is, I’m having trouble finding an insurance company that will cover them in the meantime.

They’re currently vacant and not generating income, so most standard insurers are declining coverage.

Has anyone found a company that offers vacant property or builder’s risk insurance until rehab begins?
Looking for recommendations or strategies that worked for you in a similar situation.

If my properties are held under a new holding company that isn’t seasoned yet and the properties aren’t generating rent because they still need rehab, what’s the best way to get funding?

Would it make more sense to:

• Apply for personal or guarantor-based financing and then lend the funds to the holding company,

• Use a rehab loan, hard money, or bridge loan based on property value and scope, or

• Seek private lenders or joint venture partners until the company builds credit and rental income history?

I’d appreciate advice from anyone who’s funded early-stage rehabs through a new entity with no rental history yet.

Would any of you move forward with a sale under these circumstances?

The buyer says in text messages that he is the actual buyer, will not list or market the property, and will not enter the property before closing.
However, he refuses to:

• Add an addendum or put any of this in writing,

• Modify the wholesale clause, and

• Change the clause granting unlimited access before closing.

He keeps saying it’s a “standard contract.”

Would you proceed or consider this a red flag? Looking for input from experienced investors—thanks in advance.