I’m focusing on markets like South Carolina (Columbia, Spartanburg, Greenville), Ohio (Akron), and Pennsylvania (Pittsburgh).

I had a client who found a fantastic piece of land this way; he started chatting with someone at a local real estate event, and boom!

How did you finance this deal?

There’s part of the answer.Anyone else experience this same increase in costs?

That’s the hook and to me financing deals seems like the biggest barrier to entry.

This form, completed by both you and the tenant, requests HUD’s approval of the tenancy and triggers the inspection process.

Since the bills are sent to the service address, I wasn’t aware of the situation until now.I’d like to arrange for a plumber to diagnose the leak, but with the water shut off until the balance is paid, I’m unsure how to proceed.

But if a tenant defaults they have a right for due process to contest the eviction.We see people try and do this with having a borrower on seller finance sign the deed back over to the lender and if they miss a payment the lender can record the deed back into their name.

Obviously that’s different than a spec home though and we have opted to not want to deal with a home owner and bank during the build process at this point.Hope this helps some.

For the record, I receive ZERO compensation for making this referral!