All Forum Posts by: Justin Mariniak

Hello everyone,

I am am having an issue that is starting to worry me on my first deal.  It is a duplex and is being sold by owner.  I have an agent that has helped me with all of the information and the contract and all of the specifics.  The contract was signed two weeks ago by the owner and myself with a closing day at the end of February.  Recently when my agent spoke with the owner, she was under the impression she would continue to stay in the residence for at least two weeks after the closing.  When the agent informed her that the house is to be vacated on closing as is done typically in Florida, she became obstinate and threatened to re-market the house back onto Zillow, with the contract still in place, unless she is allowed to reside in the house for the two weeks.  This causes problems for final walk through and me ultimately moving into the side she is currently occupying.  Now I am seeing the house listed back into Zillow at a higher price.  I have started to pay mortgage fees, title loan, and even had a home inspection performed.  Should I be worried that she can back out of the deal with no consequence?  I really want the house, but at the very least I do not want to lose all the money I have spent already.  Please let me know if anyone has dealt with an issue like this before.  Thank you guys for listening.

-Justin

Hello Everyone,

My name is Justin and I am brand new to the world of real estate investing.  I read a book called "Rich Dad, Poor Dad'' that a few people might have heard of and, I instantly became interested and excited to dive into real estate.  I currently work as a mechanical engineer designing HVAC systems for commercial projects, however, that is not how I would like to describe myself.  I enjoy many outdoor activities (running, biking, surfing, and skiing) as well as traveling.  I also consider myself a foodie in training. 

My ultimate goal for investing is to replace my salary and aim for financial freedom.  I could not believe any more strongly with the BP log in page saying we were not meant to spend all of our time in cubicles and I aim to change that for myself.  The route I am looking towards going is buy and hold with multi-family homes.  I realize that my niche might change, but right now I would just like to acquire my first property with that intention.

I'm excited to be here and look forward to meeting more people on here and locally through meet-ups.

Justin