Have you started your journey investing in real estate rental property yet? If you have, you may have already experienced this let-down experience. There is nothing more disappointing than finding a "perfect" rental property, going through the process of analyzing the numbers, viewing the house, putting in your offer, getting your offer accepted, and then having the deal fall through before you close on the property. Once you are under contract, that is the just the beginning, SO it is very important to understand what the real estate purchasing process is like, as well as the reasons why a property can fall out of contract. The people over at Rochester Real Estate have a great article on THE TOP 8 REASONS A REAL ESTATE DEAL FALLS THROUGH. Check it out HERE!
It is always prudent to be informed about those pitfalls so that you can spend less time under contract on your rental properties, and more time making rental cash flow.