All Forum Posts by: Paul Tschetter

Only on owner-occupied.  If you are an investor, you will need cash or private money.  Kind of a bummer...I know.

If there is "room to increase rents," why is the current owner not increasing rents?

Welcome to BP @Kyle R. !

Welcome to BP @Christopher Hunter !

Welcome to BP @Leonid Stakhov

Bummer deal @Jacob Chaney ! Welcome to the battlefield. I do not have any experience in dealing with TOPA legally how that all works but any time you "release" another party from a contract, you open yourself up to some risk. I am not a lawyer but I do not see how to write up a release that would protect you from this situation. Reading between the lines, I am guessing your seller had another buyer lined up (before you signed the release) and used you for leverage against his other buyer. Sounds like you need to find a good real estate lawyer (ask around on BP for a referal) so you are prepared in the future when something like this happens again. Best of luck.

Agree with @George C. . It could be so many different things. I would talk to the listing agent and just ask; whats the deal? Is this lot buildable? Has it been approved for a septic system? Is there water available?

@Tyler Kaye Coffee is good. WiFire in Freeland is my spot so let me know if/when you want to grab a coffee.

Welcome to BP!

Welcome to BP @Tyler Kaye

My name is Paul Tschetter and I live on South Whidbey. I was the Podcast guest @Brandon Turner mentioned.

Message me if you ever want to set up a time to talk.

All the best!