This is often written into leases that you may not do exactly what you are proposing.

If it makes any difference, the rental property is in Virginia.Here’s our proposal to them:Dear Tenant,The term of your current lease will expire, July 31, 2013 at 11:59 o’clock pm.

I know that hard money lenders usually deal more with flips and larger acquisitions.The other question I had that I proposed to Brandon Turner as well was if (just for numbers sake; saying all numbers worked and actually being able to get a loan), just kind of curious how it works if i had a rental i wanted to purchase for 25,500 cash and ARV was 50Kand the HML would give me 70% of ARV and it only needed 3-5K in repairs (turnkey with tenant-rent at 625), how much money would I need to bring to the table?

Here is the rendering of the building proposed by the city.

I will compensate them with a % of the completed deals (just as Joe McCall recommended)In the meantime I decided to look outside of NY, in NJ, so I can at least speak to a homeowner and make a proposal.

A party of interest in the property that was sold at tax sale may assign his or her right to claim excess proceeds only be a dated, written instrument that explicitly states that the right to claim to claim excess proceeds is being assigned, and only after each party to the proposed assignment has disclosed to each other party all facts relating to the value of the right that is being assigned.

Well since I’ve been in deep thought on putting rentals in LLCs and asset protection past few days on Ali’s blog (thanks Ali) I would propose the first thing to do would be to identify and rectify any mechanical or electrical hazard issues.

You would use some of that to really flesh out your proposal.

Because of a combination of factors, including what is called Proposal A and Headlee, a city without undeveloped land is guaranteed to have their revenues fall behind inflation more and more each year.

I've proposed the investor buying it still, the contractor and I going in on the house together (I work with the contractor daily, so we are on a good working relationship) and when the contractor and I sell we give the investor $80k the contractor geting his ~$15-18k costs back to pay subs, etc. and the contractor being paid his $7-10k profit on the deal for his contracting work.