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June 19, 2008

When a house for sale is listed as “under contract” and it says “contingency” next to it, what exactly does that mean? I think it means the sale depends on the potential buyer selling their property first. Is that right? Can a potential buyer who also has sold their home on “contingency” buy another home on “contingency?” I live in Illinois, BTW. Thanks! Thanks! Wouldn’t advertising that your house is under contract when it’s a contingent offer scare off other potential buyers? Do you have to put any money down when you “buy” a property on contingency?

Filed under: Renting & Real Estate — Tags: , , — valuelink @ 4:32 pm
Emily Dew asked:




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June 6, 2008

I am 14 and when I get older I would like to start a real estate holding company LLC and a real estate development company LLC. How much money would I need to start one? With the real estate holding company do I get capital gains? Also I would like it to be publicly traded. So what is the best way to go about doing this?

Filed under: Renting & Real Estate — Tags: , , — valuelink @ 8:59 am
Bdd asked:




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