Posted by Dennis (So. Cal) on August 29, 2003 at 01:54:11:
Hi,
I’ve been trying to think of a way to buy an income property, (10% down), and then use contract clauses to get that money back out at closing. I.E. $2,000 consideration for carpet, and $3,000 consideration for paint.
The problem is that those two are the only ones I can think of besides repairs, and last time the bank wanted to see the repair list.
Can anyone please give me some tips on what other clauses I might use to get money back out at closing?
Thanks in advance.