You'll record the interest as an expense and the principal as a liability (see a CPA or bookkeeper for more details).If you are concerned about making interest payments during the flip, you can modify the terms of the loan with your father-in-law to accommodate.

The #1 reason I see people fail is that they FAIL to accommodate for maintenance cost.

Something my ******* mortgage company could have let me know a month ago when I submitted all the gift letters and bank statements, etc.Anyway - before I get too far gone here, this is my question:Closing should have been on Tuesday - seller is accommodating and is ok with me working on securing funds for mortgage.Is it too late to approach them about owner financing?

The service is radically different as they are significantly more accommodating, and some areas here have a discount level that you can only get in the office/in-person.

Bigger agencies more likely would accommodate this.

As of now, both are cancelled until I can sort out a sudden car issue :( I literally had to call a taxi half an hour ago cause my car wouldn't start at the mall, lol.Maybe I can make other accommodations, though.

Kannapolis has a totally revitalized town square, and a massive research park downtown that is establishing themselves as a medical research authority in the region with very low prices to accommodate investment.Waxhaw has some of the best (if not the best) public schools in the Southeast.

There were no annual inspections for 2016 & 2017 due to the tenants would not accommodate our request for interior access.

I think in some states you are required to provide appropriate accommodation if the apartment is unlivable, but unless she was in a Class A apartment, Marriott seems like a luxury.

@Jay Hinrichs - I agree with @Travis Rasmussen’s suggestions but modified to accommodate for the 30-day minimum.