Now what if they exercise the right to extend it another year if need be . how does this change everything or doesnt it??

These can all be extended later if need be correct?

Hello all, I'm new to this, renting out my old SFH when I bought a new place. Halfway through the lease, things going well so far. The current tenants, a young couple,take great care of the place, always pay on time, ...

Plus he's had multiple properties that sat on the market for an extended period of time.

I download data from their system weekly that I automatically use to generate a host of reports that give me a detailed P&L, ROI numbers, physical/economic vacancy rates, time to fill vacancies, average duration of tenancies, etc.

And the 203k process may take you past that date, therefore invalidating the approval and causing more work to get it extended.

So if I do not extend the note would it be better to foreclose on the property or take back the property via Deed in Lieu of foreclosure?

I will need permits either way, and If I don't get them I won't get my escrow funds backDriveway - I have to re-surface or replace the driveway anyways (not sure till the snow melts) Either way I got a quote of $500 to extend the appron 10' x 25' to accomidate the larger garage, and yes there will still be some backyard left.CostsSlab - I got a few casual estimates of $3000, but I had a concrete guy come out today and he quoted $4000 to jack up the garage, tear out the slab, and put in a new one.

They were recently extended.

If the deal is right and you can tie it up with 1000 bucks and give yourself 45 days to close with a contingency to put up another 500 to extend out closing 30 more days you buy yourself just enough time to find a buyer and then make your money.