Defending, These fall into a couple of groups, both nasty Eventually you will either face a Due on Sale clause, a seller bankruptcy, a court order in a divorce that affects the property or a fire insurance claim, a slip & fall, very bad tenant, storm damage, and the list goes on.

Nick Raimondi, who claims to be a managing partner at Insula Capital/Atlantic Holdings, after we were working with the seller and our lawyers, got our LLC, jumped through all the hoops they wanted us to, only to sit down at the table yesterday at the lawyers office to yet another stipulation.

How to Structure the Deal to Protect Your $20KIf you’re willing to cover the $20K arrears, here’s how to protect yourself:Option 1: Secure Your Funds with a Lien or Escrow AgreementUse an escrow account: Deposit the $20K into escrow with clear terms—if the assumption is denied, the funds return to you.Record a promissory note & lien: If the deal falls through, this would give you a legal claim against the property to recover your funds.Option 2: Sub-To + Wrap While You AssumeSubject-to deal: Take over the existing loan payments before assumption approval, securing control.Escrowed deed transfer: The seller signs the deed into escrow only to be recorded after assumption approval, ensuring they can’t back out.Lease option fallback: If the assumption is denied, consider a lease option agreement until another solution is found.Option 3: Negotiate a Seller Financing HybridAsk the seller to carry a small second note for the $60K equity gap at favorable terms.Use your $20K as a down payment, structured as a secured loan against the property.3.

Quote from @Dominick Johnson: Why wait 27.5 years to claim all depreciation, do an accelerated depreciation and get those tax deductions now!

Security deposit will take care of the last month of unpaid rent, but I'm considering filing a small claims court lawsuit to get a judgement for recoverable damages.

I tried shopping around but no one would take me since I had a sewer collapse claim last spring.

If you are working as a sub for me , you are interviewed , background checked , proof of insurance , license , EIN number etc .Sure hiring a illegal from a parking lot can be cheaper ..............Until they are not , they get hurt and file a claim against you , they screw up the job and it cost more to do it over than do it right .

This puts your family’s home at risk and is unfair and irresponsible, in my view.The claim that “hard money loans for existing deals are difficult to get” is simply not true.

That will be a process.If I were the injured party, I would be reaching out to the owner, title company, seller, and /or the developer for compensation.If you are the current owner and renting out the space, you can not claim ignorance of the issue.  

Wholesaling is not the walk in the park that the IG and TikTok billionaires claim.