Hello! I'm getting all of my documents/paperwork ready to tackle my first deal and I have a question about the Investor Disclosure Notice that Dean shows on p.155.
Specifically, it states (2nd paragraph of the document): "This sale shall be contingent upon the Investor finding a Buyer that shall qualify for financing according to accepted criteria of ___ and its funding sources."
Who's criteria are we talking about? I would think that I don't really care HOW a buyer provides the cash, just as long as they CAN. My impression is that this statement means that I will dictate who the buyer will be financed through (or pay cash) for the deal - wouldn't that be up to the end buyer? So, what goes in the blank? Especially if this document is signed first, as highly recommended by Dean.
???
Thanks!
Chris
__________________
Quotes about me from other users:
"...high and mighty ... I have to bring the hammer down on them"
- My response: "The view from OUTSIDE THE BOX is a lot better than from INSIDE."
Hello! I'm getting all of my documents/paperwork ready to tackle my first deal and I have a question about the Investor Disclosure Notice that Dean shows on p.155.
Specifically, it states (2nd paragraph of the document): "This sale shall be contingent upon the Investor finding a Buyer that shall qualify for financing according to accepted criteria of ___ and its funding sources."
Who's criteria are we talking about? I would think that I don't really care HOW a buyer provides the cash, just as long as they CAN. My impression is that this statement means that I will dictate who the buyer will be financed through (or pay cash) for the deal - wouldn't that be up to the end buyer? So, what goes in the blank? Especially if this document is signed first, as highly recommended by Dean.
???
Thanks!
Chris
Quotes about me from other users:
"...high and mighty ... I have to bring the hammer down on them"
- My response: "The view from OUTSIDE THE BOX is a lot better than from INSIDE."