Otherwise you are setting yourself up to get taken advantage of.

We set up the background and credit checks for them to go in an provide there SSN directly with that 3rd party then the report comes to me.

Even a more modest debt like $50k will take any excess income that a young adult would put towards buying a home and put them 10-20 years behind previous generations, and that in itself will set back their accumulating wealth. this generation is well and truly f*cked.

Hello everyone, I have a couple properties that I am looking at and my main set back is that they’re old builds, around early 1900’s.

The Purchase agreement just states the tenant/Buyer agrees to buy the property by a certain date for a set price. 

Get the exact figure from your lender.5.5% is rare unless you have an 850 credit score, perfect DTI, and abundant income.

It basically amounts to paying an annual fee and having a set bond on file.

I am starting to want to get involved with setting myself up with a better financial future so house flipping and real estate has really caught my attention.

And, as we all should know, it's also why we set aside some rent for vacancy and capex, etc.

In your example, I agree that is a common occurrence and it's my understanding in that exact scenario most sellers reason it's "better" to agree to refund EM and find a new buyer.