this is actually something I was wondering my self I will be monitoring this so see what solutions become of it.

Really, what I'm trying to say is I've been on hiatus from Real estate for 8 years, discovering the means to the only self sustaining kidney in the world (I like to brag too), and have ideas and thoughts but not sure what route to go?

That is if you get the project completed and resold in 3 months, if not then add additional interest payments to eat at your profit.So in short hard money is expensive but adds risk to your projected profit and sustainability in the form of extended holding cost.

Below is how some landlords deal with this and I can't speak to the legality of it.The best solution to this is to add a clause in your lease in every place where an additional fee accrues to you, that expressly states that the tenant agrees that the additional fees are rent due to you.

If so they might be trying to get back what they bought it for and the rest is a profit income stream they create by holding the note.You have to understand where the seller is coming from and what they are trying to accomplish before creating a solution for both parties.

Mathew Wray, while that sounds like a reasonable solution, that would be a second position loan.

I got 2 responses with the same solution: "you need to adjust the downward force screw on the back of the unit most likely. easy fix."

There are 3 things here that sometimes differ: 1) Your technical, legal rights 2) What is reasonable/feasible for you and makes sense 3) Creative Solutions Oftentimes, these are very different things..

The Seller Carry definitely sounds like the best solution for you.Here's the thing, if he just wants a monthly paycheck and he has penciled out what he wants for the next 10-30years off the property it becomes easy for you to design a great seller carry situation.

I can't speak to maintenance management or anything else like that but now that I've had a PM with a cloud solution that has an owner portal, I don't think I'd want to go back.