I've been in the market for another IP and recently found one that matched my criteria. Some previous contracts had fallen over because the buyers wanted vacant possession and there was a stuff up with the lease meaning the tenants were going to stay till July.
It seemed like a good opportunity so I lined up an inspection. About 1hr before the inspection the agent called me to say the vendor had offered some cash to the tenants to get them to vacate, which they had accepted, so one of the previous contracts was back in the picture.
Oh well, back to the drawing board.
Anyone else got a story where they missed out on a good buy at the last minute through no fault of their own?
John.
It seemed like a good opportunity so I lined up an inspection. About 1hr before the inspection the agent called me to say the vendor had offered some cash to the tenants to get them to vacate, which they had accepted, so one of the previous contracts was back in the picture.
Oh well, back to the drawing board.
Anyone else got a story where they missed out on a good buy at the last minute through no fault of their own?
John.