Now, if it's a portfolio loan and you belly up to the bar honestly with the lender, they may let you buy if you catch up the payments and join on that note with her......they might, but going any other way, with slide by tactics, my thinking is walk away.

Meanwhile explore the tool bar for excellent information. 

When purchasing a property with tenants in place, there are some common procedures to take that are discussed at length in other posts; use "search the site" in the right hand side of the blue bar at the top of this page to find more on this topic.As @Joel Owens says, the best time to address some of these problems is before the closing.

UN- wide world... or the BAR member 'attorneys' (masquerading as 'lawyers') within the globally franchised legal(eased) system of the Roman 'City of London' Temple BAR (using Maritime Admiralty "law of the sea," subordinate to Roman "Canon law," of the land) would have shut it DOWN, long ago.And I have thought up some great LO and wholesaling, etc. related 'ideas,' but have yet to 'apply' any of them, to date.

it makes me think of a situation I was in about 5 years ago,when I was running a restaurant bar that's we open with two of my brothers in one of the western suburbs, its still there and doing great but I've had enough of that business. 

Buy a Snicker Bar™?

I am not much of a gambler...heck, whenever I end up at a casino (with friends or a group that goes there) I lose all of my money at the bar.

University Blvd in Denver.It is a great coffee shop/bar/lounge with WiFi.

well first i wanted to say that im going to visit my first property this weekend and without the help of this forum i probably wouldnt even be thinking about looking at actual properties. espcially thanks to ryan for anwering about 10000 of my questions.so the property is a 4 plex with 3 units already rented out. its gai is aprox 16800 ... and the property is only 65000. tennants all pay all utils. i thought it sounded to good but when the seller explained it seemed to make sense. he selling all his real estate to buy his 2nd bar which he says he enjoys running more and hes pretty motivated sell this property to get some money available for that. also apparetly the property is pretty ugly but i see that as a good thing because hopefully with some cosmetic changes i can add some value. so my question is what are the ups and downs to ownerfinancing. my other question is if seller financing could show anything about the sellers intentions, would a seller have any reason to or to not seller finance a problem property or money pit.. like would he benefit from me foreclosing or is there any reason some one wouldnt seller finance a problem property. ahha hopefully my queestions make sense but im not sure they do. thanks for everyones help!!

now i know we all have a business plan, but as of right now ours is written down on a bar napkin (yes i am joking)..