We had already extended closing by thirty days at this point for due diligence as the property was industrial land the we plan on converting to residential development, so environmental revue and such needed time to come through. 

This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

I worry that it will be hard to find good tenants because most families that need that much space either 1) already own a house, 2) can't afford such a large apartment or 3) can afford an apartment that large short term, but long term will end up inviting their extended family, etc. to live with them because they have so much space and can't make rent on their own.The only good potential type of tenant I can think of is a middle-class family that needs non-permanent housing -- e.g., professionals who are in the area for a year for work and want a large space to rent for that period.

Hi all, I understand that every leader is different but are there options for extending a commercial loan?

Our insurance provider just informed us that they will not extend our joint master condo insurance next year, because they don’t insure condo buildings where more than 50% of units are rented out and not owner-occupied (I don’t know why that is an issue for them).

I do almost all of my maintenance and what I don't do I have long-term business partners handle according to my specifications -- lasting fixes when necessary, high-quality paint that can be touched up repeatedly, Whirlpool appliances, hardwood and tile I do myself.I am on the electrical board and the outlets, I am on the roof, I am inspecting the windows, I am on the gutters all the time, I am liberal with the weedkiller concentrate, saving myself money in the long run wherever I can.What happens when you're extended from here to eternity with 75 SFR and three furnaces die in the first heavy cold snap?

Extends well into the high 6 figure range.No intention of maxing this out, still focused on investment portfolio growth. 

A sale will extend the time to get the house boarded up or renovated.I am not familiar with Probates and it seems they have let this house get into a bad position.

They said what you guys did about there not being enough of a margin for profit.The guy said they liked the way the numbers were presented (thank you - Brandon)  (:-)Property lost to foreclosure, owner not bothered by it.I have just begun to learn about "Subject To"Like Brandon says 90% of the time, the numbers do not work.I appreciate the help extended to me.Let's make deals in 2018!!

We only buy properties that they know will rent well for an extended period and have low maintenance costs.