For instance if it's $5000 in furniture and you are netting $500 a month then it's 10 months before your buyer sees any actual income.

In those instances, what is the next step you usually take for filing with collections?

.- It may be cheaper to see if you can negotiate a reasonable extension fee with your HM lender and continue to try to sell.DM us if you'd like to chat more...

@Stuart UdisI think your post is very interesting and true in many instances.

I have extensive experience with SEC 8.

Also in many instances that I have seen the fees are very high for managing the investor pool and the property management and the returns may be comparable to a CD with the risk.

This is why most properties are 'bought' with a lease-hold contract of x years + y years extension (mostly 25-30 years + 25-30years extension).Bali is an organized wild-west with a lot of opportunities, that's for sure.

I have emailed the new agent representing the sellers the amendment for extension of close plus the manager at this real estate agent's office.

For instance, we tithe using cash and we use prepaid Visa credit cards, we don't take a tax write off for it and no one but me and my wife knows how much or where the money gets given to.

Also COGO Capital offers a CDNA report for under $30.00 and these are pretty extensive.