They want to break lease with 60 day notice with no penalty.

Jerry Kisasonak It absolutely sucks, but I have only noticed Bank of America and Wells Fargo are the only ones preventing Trust to purchase properties.

If you haven't already noticed, I'm new here.

I'll offer this partial answer as my guess: Option payments only become ordinary income in the year that the tenant buyer walks on their option to buy, buy moving out, giving notice and you 2 don't have some change in heart and return some of their option.

It sounds like you background will give you a head start in REI.

He gave me the proper notice, but dragged his feet moving.

Hey everyone, we have a tenant who was getting really creepy (like… Really really creepy) so we gave her notice to move at the end of her lease which ends in 2 weeks.

I still have a BOA mortgage w/ 21 more years on it (technically, but I know I'm ahead on that) that I plan on keeping and paying down as quickly as I can afford.My friends have almost no money to put down and I'm planning financing them.I have a lawyer who I've used twice in the past for traditional purchases (one bank financed, one cash) and she assures me this is not a difficult thing.My friends have agreed to my asking price and my terms of the loan.We are getting a small premium on the sales price of the home and are loaning them the $110,000 at 6% over 30 years.We still owe about $75,000 of the original $91,500 BOA mortgage which is at 5.875%.I talked to my Allstate agent and she said we'd have to switch from homeowners to a Landlord policy.First question, does this sound like a fair deal for both parties?

A tenant of mine noticed a sign of mine on a telephone pole and asked me to take it down, thinking I was selling the house they rented, while in fact it was a huge source of leads for three years!

It really rang true based on my experience as a realtor.One thing to be careful about that I noticed.