It could be considered a mistake and a contributor to slow payments.For years, I have always let my borrowers and tenants select the due date.

I stopped using them because they are more expensive than alternatives that are now out there.

Thanks, ive bought and borrowed many books, and still dont feel like i know enough to get my foot in the door.

This means the borrower may fail to meet loan requirements and be required to pay additional amounts, but the seller simply receives less loan proceeds but at the agreed price as adjusted.

There are a lot of good resources on here, so please don't stop at my response to answer your question.

As it stands now if you were to proceed and she stopped paying you would end up with a tax lien on your property you now have to pay effectively setting you up to pay 55K for the property.

Everyone is going to find this crazy, but my experience has been excellent using this screening method.I never have a potential tenant or borrower fill out an application.

As they say, the rest is history.Resort areas will be filled with very experienced investors flushed with money - huge amounts of liquity and borrowing power.

A better idea even may be to talk to one of the hard money brokers at the meeting, they will borrow at a little lower rate say 10% they then lend the money at 12% and 2 points this is their profit you get the original agreed to amount.

They broke in and took back their furniture.Tom Goans - all I can say is wow - but I thought you were some kind of "tenant whisperer":https://www.biggerpockets.com/forums/81/topics/91898-tenant-and-borrower-screening