Request a full handover of tenant files, maintenance records, current lease agreements, rent rolls, and security deposit information.

Just make sure the contracts are solid and everyone is on the same page.Would love to hear if anyone else has faced this challenge and how you managed to secure your EMD without upfront funds.

It's gonna take 30-45 days to secure financing for anyone, unless of course they're using all cash.3/2/1 prepay only works against you if you decide to refi in the next 24 months. 

There should be questions about the rent amount, due date, lease expiration, security deposit, who pays utilities, and who owns the appliances, at least.

By consistently offering work, you may be able to secure lower labor costs.Source Alternative Materials: Explore alternative or lower-cost materials that still maintain quality.

Purchase price: $350,000 Cash invested: $12,000 We recently purchased a townhouse with a grant that covered nearly $20k for downpayment and closing costs.

The mortgage is secured—or collateralized—by the house, the buyer’s name goes on the title and the mortgage is recorded with the local government.2.

This option comes down to the investor's risk tolerance since you will likely leverage your primary home at a variable rate.3) The BRRRR method since most hard money lenders will allow you to acquire distress payments with as little as 10% down and grant you access to rehab funding via a bridge loan.

With everything pretty much being new I feel reasonably good and have somewhat of a “it’s meant to be feeling” with the original buyer struggling to get the funding together to complete, allowing me the opp to finally secure.

Ensuring the safety and security of my guests and property is of utmost importance to me.