So often then not things may not go as planned. That's why it is importnat to always have a "Plan B" ready. You may be selling or assigning a home, if it falls apart what is Plan B. A Partner may be putting up the cash for a down payment, if the partner decided they can not have the cash available within a week before closing, what is Plan B? A tenant wants to move into your unit and wil sign the lease and pay the deposit by next Friday; you then stop showing the unit because you belive it is rented and they back out, what is Plan B?
With every situation you should know your exit strategy before you get in, but you may also want to add a "Plan B" and maybe even a "Plan C" just in case you need it. It is better to have a plan in hand and one in your back pocket rather than lose a good deal with no back-up plan. I hope this helps. Good luck on all your deals. Believe and Achieve! - Joe
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Joe Jurek CPA