Do You Usually Have To Give Upfront $

So I get a motivated seller and convince them to let me l/o their property.

Is it customary for me to come out of pocket immediately with a down payment or will they wait for my t/b to give me a down-payment (a portion of which would go to the owner)?

Also, are most owners out of their place before you start to show it to prospective t/b's?

Thanks for your help!

[ Edited by GA_John on Date 10/30/2003 ][ Edited by GA_John on Date 10/30/2003 ]

Comments(2)

  • InActive_Account30th October, 2003

    Structure the transaction so that the option consideration (something I never mention and only address it the owner brings it up) is paid when you close with the tenant/buyer.

    It is easier to show and deal if the house is vacant. But you gotta be flexible.

  • GA_John30th October, 2003

    Thanks Sammy. That is what I wanted to have happen. I just didn't know how realistic that was.

    Appreciate it.

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