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90K in Liens delayed closing

  • torikipartners
  • Nov 1, 2021
  • 1 min read

Updated: Nov 25, 2021


This property in Cleveland we had high hopes for. We got a good discount on the home. Good area. Good rents.. We were all set to close but the seller had liens against his property (ies) 90 thousand dollars worth. The closing kept being delayed Eventually we figured it might take a long time and we had other properties we wanted to invest in. We needed to free up the cash since we were going to buy this with our own cash to get this real estate game started. So we let it go. We got our deposit back and moved on.. We lost the inspection money and the rehab estimate

But that was the decision we made. Here are some pictures of the property. Disappointed to lose this one


 
 
 

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