Greetings BP Fam, Motivated seller wants a contingency cash contract for bankruptcy court. 

Have contingencys built into your proforma.

Hi,Lets say I have a loan contingency for a house on contract, do I need to give a justification to back out of the contract based on it?

Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.Besides doing that on here make sure to get out to some of the many local investor events we have.  

I've overstayed my inspection contingency already, but I've had several red flags come up over the last week that just have drawn the process out.  

Another contingency is they want us to narrow down our target markets to 2-3 states when using their funds.

Ended up looking at it - had the potential tenants look at the house and they liked it - they all agreed to sign a lease contingent on my buying the house delivering it to them appx May 1.  

I was thinking about taking a standard Purchase & Sale Agreement from the web and making sure it had all of the contingencies, language, etc. that we have had in our previous contracts we used with our realtor.Any advice would be greatly appreciated. 

Lots of great connections all over but we also have a very strong and active contingent here in MA and NH on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.Besides doing that on here make sure to get out to some of the many local investor events we have.  

As an owner I would put 10% contingency on top of your contractor's budget at the schematic phase.You are jumping right into the deep end of the pool for a potential first project.