All Forum Posts by: Account Closed

Thank you!! I'm extremely appreciative. This just happens to be my fourth time working with a title company and a first with an (possible) extension request. Per contract, if we do not close on our closing date, it's possible for either party to legally pull out. I shall see what happens!  

@Corina Eufinger Keep me posted! I'm interested in meeting up. Thanks!

Hey all,

Shortly after the new year, I placed a winning bid on Auction.com, two weeks later the bank signed and we've been under contract since. Per contract, we have a closing date of 2/17 but the title company is now stating this date is pending their title search, and that if we reach that date and the search isn't complete, they may file an extension.

Has anyone experienced this? A title company requesting an extension to continue their search?

Of course I prefer to have a clean title and have no issues when I sell, but I'm wondering how long this could take? They mentioned the extension could be two week to 30 days, or however long they need.

Fortunately per contract, I can get out if we reach that date and haven't closed.

I purchased title insurance. I went with their title company.

@George Despotopoulos

Yes and yes. That's good to know! Thanks!

@Melissa Gallegos

Thanks, everyone!

I of course want my own investments on the side, but to also be around like-minded individuals. I have a great job right now, but studying to get my real estate license currently and have an interview for a property management position next week. Fingers crossed!

@Rob Cucugliello

Whew, the progress! I'm really glad you shared all of it. Hopefully it's all downhill from here. Makes me wonder if there's something out there like a home warranty, but for a mixed-use property.

I'll be sure to thoroughly check those big-ticket items when I actually look at the property I'm interested in. It's a 120-year-old building. One commercial unit downstairs and two residential units upstairs. The commercial unit is rented but I actually want it for my own little all organic grocery store once the lease is up.

Hope everything else goes well going forward!

 How is this business venture going? I'm looking into mixed-use financing as well. What were some or all of the requirements? 

@Larry T.

Very detailed yet simple to read. Question, do you usually hire an inspector prior to creating a scope of work?

This is a great start. Thank you, both!

Hey BP family,

I'm wondering if there are any real estate friendly jobs out there? Are there positions or fields of work where you are surrounded by other investors? Being an agent may be the obvious answer, but what are some other jobs that could be tackled that are entry-level, but could be filled by someone getting into the investor world?