Agreements in the lease agreement can lock in rents in consideration for those increasing assignment fees!

I didn't see this thread earlier, but I agree with Nick and Ray that I'd rather lock up the $55K profit than risk losing it all just to try for another $15K.Purely based on my utility function, the extra 25% isn't worth losing the deal over.

I would set the thermostat in each apartment, make sure its calibrated, and install a clear plastic locking cover on each for which only you have the key.

I'd try to lock in long term at 5% and not have to worry about rates jumping up in the future.

This would be my first deal so any help would be appreciated.SFR-1- ARV $400K +/- $25K2- asking $180K3- potential short sale and/or default on a construction loan4- needs $110K +/-$10K to finishDoes this sound like a good deal to lock up and try and sell for $190K?

Luis, I agree some may "require" a 10% down but that is only to either lock in the contract or they have cash flow issues.

He wants to lock it up under contract before April 30th and close right before June 30th so he can get the tax credit.

Again, as an agent I'm telling you MOST agents will be thrilled to have someone handle their short sale which they don't want to do, to have a cash offer in the package to give maximum leverage when dealing with the bank, and have a secured listing that is approved and ready to go for the C buyer and have it locked up at 3% on their end.

If your mortgage is not locked in you can find yourself in a severely cash starved situation.The news gets better with time.

I would lock in as many term years as possible (30 is typically the max).