They said yes, so he said: If you pay $300 today, we'll extend our request for possession for an additional 10 days.

Section 9-2201(k) states:"'Mortgage loan' means a loan or agreement to extend credit made to a natural person which is secured by a first or second mortgage, deed of trust, contract for deed or other similar instrument or document representing a security interest or lien upon any lot intended for residential purposes or a one-to-four family dwelling as defined in section 103(v) of the truth in lending act, 15 U.S.C. 1602(v), located in this state, occupied or intended to be occupied for residential purposes by the owner, including the renewal or refinancing of any such loan."

This gives them a different approach and they take care of the property better;4) If they don't get financed in the option period (which is common) you can extend it with another option payment and they continue to lease under the same terms - long term tenants are better for you....

This time period starts from the sale date and can extend anywhere from 10 days (New Jersey) to almost two years (Tennessee).

It says:After your prospect says she doesn't want all the items, say she can choose any one or two items ("fries and a drink") as a customized package for just $25 or $45 extra a month.I could price competitively against the rental centers (which IIRC end up being 2-3 times the MSRP when paid over their financing period) and purchase new under warranty (and pay for it with a credit card that extends that warranty for another year).

In my case they let their dog urinate and/or vomit on my floors for extended periods of time.

Also be sure to put in the contract the option to extend for an additional year.

For myself , as long as I can cash flow positively on the property, I would maybe ask the seller to extend the contract if it went down in value when I went to purchase it.

Funds to cover major repairs, extended vacancies or nonpayment, evictions and other legal expenses, etc.

If you know you can get a deal on a property that the NOI can carry the note, then look for private money, before you look for hard money, or look for a JV to go with you on the purchase, writing the duration in the agreement so that you can buy out your partner after a period of time. there are cash flowing opportunities out there, where lenders would be happy to rake you across the coals. there are so many lenders available now, just watch for the frauds, you are really in the drivers seat, you set the terms, and dont get pressured into a situation that would jam you up on a balloon.