After two years of talking about this, a year and a half of passively looking at places, 5 months to find a buyer for another property, 2 months in negotiations trying to get this property, …

Title search — check Engineering inspection –check Home/Pest inspection — check Closing date confirmed with seller & his attorney — check Closing date confirmed with bank and their attorney– check Closing date confirmed with …

All those lawyer jokes just got a little funnier…
Got an email this afternoon from my attorney — seems that all owners of a property involved in a 1031 have to be on the mortgage.. One …

One would think that being asked by the mortgage brokers assistant if I would mind closing early is a good sign that things had been moving along to the point of completion.
One would also be …

So the seller has posted some ads for the place in the past on Craigslist and PropertyShark before we moved into contract to buy. As of now, Monday or Tuesday is when the bank would …

It’s taken more than a year of talking about it, research & reading, but this afternoon I’m going to attempt to sound like I’ve made offers on houses before.
Tangent
Funny thing about the web is …

NYCHANIS Training Session
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Almost biblical at this point…
So the lawyers are talking again. The seller is now interested in closing on more traditional terms, with a clear title, no outstanding taxes or liens and with my own …

New violation in addition to the three that I knew about popped up on the DoB today that helped break the camel’s back. If this deal is going to happen, it’s going to be with …

Two conditional mortgage acceptances, an engineers report, title search and a contract drawn up but still awaiting revisions — after all this the seller’s lawyer reveals that it was never the sellers intention for me …

Why a 1031? Because you don’t get socked with capital gains on an investment property is the quick answer, which is usually followed up with, but you don’t get hit with capital gains if you …

Now I see what people talk about regarding closing stress. Too many moving parts each having their own moving parts… I wonder if there’s an easy formula for pulling this stuff together short of a …

If you asked me, things had been moving along nicely.
The banks were comfortable with the deadline to have everything drawn up and ready by. Inspectors and engineers had filed their reports, the appraisals had …

AKA Scotty, the pissed off engineer.
From what I’m told (and it seems like good adivce), as part of any home purchase a number of people have to come by and give …