I have no issue signing an NDA to not share those guidelines, but if we're going to put together a solid package that meets their guidelines, it's hard to do if you don't know the guidelines.

So the seller is free to let go of the deal but still has legal recourse if they lost money because the buyer didn’t hold up their end.In short: the lawyer’s saying “make sure the cancellation paperwork kills the old contract cleanly, protects both sides from future claims, but still leaves the seller the right to go after the buyer if they defaulted.”

For attorneys experienced with distressed property deals:We often source properties where the owner is deceased, and the estate has not yet fully gone through probate or has been neglected.What is the best legal path for an investor to take to secure this property?

All they can do is threaten to terminate their voucher.4) Have someone post the legally required notice of entry and then send someone with the handyman to address the maintenance issues.

The various lenders have different guidelines for this, but you may be able to use a purchase money loan to payoff the seller financed note before cashout seasoning is met.

As you already know, most people rely on getting a loan to buy a house.The lenders have to underwrite to FHA, Fanny Mae and Freddy Mac guidelines if they wish to sell their loans on the secondary market.

It took him 5+ weeks, he was consistently rude, yelled at us, called us “cheap”, and now he’s threatening legal action over $200 even though he still hasn’t sent any receipts for the extra charges we never agreed to.

I reached the lease signing stage with potential tenants, but we hit a snag regarding the three-vehicle restriction.
They own a construction company and currently keep all their vehicles at home. This amounts to six ...

As mentioned in a few BiggerPockets podcasts that were recently released, this rule is a simple guideline to help you quickly gauge a potential deal.Here's a breakdown of the key takeaways from those discussions:- The 1% rule is a starting point.

For DSCR, there is normally caps on how high seller concessions would be and $20k would be over most of those guidelines.