With the insurance premiums in Florida going absolutely insane lately, I'm looking to offload one of my SFR (single-family rentals) in Tampa. It’s barely cash flowing anymore. The issue is, I have good tenants in there and I really don't want to disturb them with a million showings or put a sign in the yard. So I'm looking at the off-market route. I’ve been talking to a few local buying groups. One of them, Home Options, gave me a verbal offer that is actually close to what I need, but I am terrified of getting tied up in a contract with a wholesaler who doesn't actually have the cash and just wants to assign the contract. For the pros here: What is a "reasonable" Earnest Money Deposit (EMD) to ask for to weed out the fake buyers? Is $5k enough? How do you verify their Proof of Funds? Do you call their bank directly? I just want a clean exit without screwing over my tenants or having the deal fall through 3 days before closing. submitted by /u/rmor...
in Texas, My Aunt passed away last year and my uncle resumed paying for the home even though they were not legally married. I honestly dont even know if the bank knew my Aunt passed away. well yesterday my uncle passed away unexpectedly. he has 4 children. 2 adult children he has never really spoken to and 2 children 1 autistic adult and 1 autistic minor. NONE of my uncles family or his older children care about my uncle or what will happen to him or his children because "they aren't a place to take them in". I understand I guess but anyway, I am wanting to know of there is a way to get information on what will happen to the house and the money they've put into it. its on a really ghetto neighborhood and the house is not in good condition. is there a way for me to find out who their lender is? Will they even talk to me? please help. submitted by /u/celestthebestt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qeeh4e/what_happens_to...