Jan. 29, 2020

How Do I Back Out of This Purchase Contract?

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!


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