Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIf a real estate contract doesn’t have the right protections, you can end up overpaying, losing your deposit, or getting stuck with costly repairs. In this episode, I walk through the six key clauses I use in every deal to make sure I'm protected—no matter what market I’m in. I cover things like inspection contingencies, appraisal gaps, financing terms, permit and license transfers, and the “and/or assign” clause. I also share a few stories from my own deals where these clauses saved me thousands.Timestamps:00:00:00 Intro 00:00:27 Why contracts can make or break your deal 00:01:11 Understanding buyer vs. seller markets 00:02:13 How market conditions impact your negotiation leverage 00:03:14 Strategy if you're a buyer 00:04:13 Strategy if you're a seller 00:05:26 Inspection contingency explained 00:07:32 Real-world example: tree roots and sewer damage 00:08:01 Appraisal contingency breakdown 00:10:02 What is an appraisal gap and how to handle it 00:10:36 Financing contingency and rising interest rates 00:11:52 DSCR example and renegotiating purchase price 00:13:10 Why financing contingencies are critical 00:13:50 Permit and license transfer contingency 00:15:57 STR regulation example from Hot Springs, AR 00:16:19 Why this matters in regulated or urban markets 00:17:15 Assignment clause and “and/or assign” contracts 00:18:08 Contingency checklist for real estate deals Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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