Posted by Skip (Ca) on May 31, 1999 at 09:22:23:
Jim:
Don’t know if you remember, but I met you in St. Louis last August.
From reading various posts you’ve made I seem to remember that you do not use “options” but instead make a bonafied offer with one or more contingencies. I also seem to remember that you do not use contingencies like “subject to partner’s review and concurrence” but more straight forward contingencies such as “subject to review of rent rolls” or “subject to appraisal” or “subject to inspection and acceptance”. Could you elaborate? The reason I’m asking is that I’m interested in making offers that seem common place and real when dealing with other investors. The “partner” ploy seems to have been overdone. Thanks for your thoughts on this!
Skip