Investment Info:Large multi-family (5+ units) buy & hold investment.

I Have Real Estate Rookie (90 days to your 1st investment) by Ashley Kehr Also Buy, Rehab, Rent, Refinance, Repeat By David Green, And A Ton Of Podcasts.

I learned how important it is to share useful information and insights.

There's never a wrong time to buy real estate as long as the numbers make sense brother!! 

Rather, you are making a decision with incomplete information.

Here’s a simplified breakdown:Lease Agreement: Since your buddy signed a 12-month lease in July '24, he is legally protected until the end of the lease term unless the lease has specific clauses allowing early termination under certain conditions.No New Lease Signed: Since no new lease was signed for the new home and no formal agreement was made, the original lease terms for the townhouse still apply.Landlord’s Request: If the landlord wants to break the lease or has changed their mind about the swap, they would typically need a valid reason, like a breach of lease terms, or might need to negotiate an agreement with your buddy (buy out)Legal Advice: Your buddy might consider consulting a local attorney or legal aid service for advice on his specific situation.

This changes with a few factors but it works to prevent issues in buying the wrong property.

Next they  informed me the soft costs associated with the a design work would not be released until CO…ok I can live with that and when I finally thought I was going to be funded I get an email that the property taxes were delinquent.

Hey BP community,For those into property flipping, there are transactional funding programs available that provide the necessary capital to buy and sell properties quickly.

My degree is in Information Technology.