Flip Houses Like a Girl

How Do I Back Out of This Purchase Contract?

January 29, 2020 Episode 28
Flip Houses Like a Girl
How Do I Back Out of This Purchase Contract?
Chapters
Flip Houses Like a Girl
How Do I Back Out of This Purchase Contract?
Jan 29, 2020 Episode 28
Debbie DeBerry

Your financing terms end up terrible; the repairs end up being way more than feasible for this project; you discover they're building 12 new construction freestanding condos right next door; you discover something unsettling about the property history; and, you think to yourself, how do I back out of this purchase contract?!

In this episode, you'll learn:

  • The contingencies in a standard contract
  • How wholesalers' contracts and documents may vary
  • The typical outs to a contract that you can use as an investor or retail buyer
  • The potential consequences of backing out 
  • The potential consequences of NOT backing out

...and I'm sure there's much more. Tune in!

GOODIES

1. Learn how to work with Debbie and her Tribe and get your First Flip Done Right™

2. Follow That Flip! Sign up to follow me and 2 local students as we flip a house together!   

3. Learn more about Debbie DeBerry | The Flipstress

4. Our goal is to hit 250 reviews and spread the good word about this podcast as quickly as possible!

Every 50 reviews, there will be a drawing! You can help us reach our goal PLUS have a chance to WIN Apple AirPods (they work with any and all devices, not just Apple!) by going to wherever you listen to podcasts, leaving a rating and review for the show, taking a screenshot of that submitted review and sending it to us at contact@theflipstress.com.

5. Continue the house flipping conversation in our free Women Flipping Houses Facebook group

Show Notes

Your financing terms end up terrible; the repairs end up being way more than feasible for this project; you discover they're building 12 new construction freestanding condos right next door; you discover something unsettling about the property history; and, you think to yourself, how do I back out of this purchase contract?!

In this episode, you'll learn:

  • The contingencies in a standard contract
  • How wholesalers' contracts and documents may vary
  • The typical outs to a contract that you can use as an investor or retail buyer
  • The potential consequences of backing out 
  • The potential consequences of NOT backing out

...and I'm sure there's much more. Tune in!

GOODIES

1. Learn how to work with Debbie and her Tribe and get your First Flip Done Right™

2. Follow That Flip! Sign up to follow me and 2 local students as we flip a house together!   

3. Learn more about Debbie DeBerry | The Flipstress

4. Our goal is to hit 250 reviews and spread the good word about this podcast as quickly as possible!

Every 50 reviews, there will be a drawing! You can help us reach our goal PLUS have a chance to WIN Apple AirPods (they work with any and all devices, not just Apple!) by going to wherever you listen to podcasts, leaving a rating and review for the show, taking a screenshot of that submitted review and sending it to us at contact@theflipstress.com.

5. Continue the house flipping conversation in our free Women Flipping Houses Facebook group

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