![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/15985/small_1621359128-avatar-shanem.jpg?twic=v1/output=image&v=2)
12 August 2007 | 5 replies
one word - TENANTS.i'd relate being a landlord to a poker player -the pros or good players play like they've already lost - so they've got nothing to lose in their mind. as a landlord, if you're going to start renting real estate - rent it as if it will be totally wrecked.ASSUME THE WORST AND PREPARE FOR IT.don't buy and assume the best.hope for it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/17019/small_1621359536-avatar-imready.jpg?twic=v1/output=image&v=2)
8 August 2007 | 1 reply
Or you might use a double close rather than an assignment.There is no special contracts.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1734/small_1733256128-avatar-minna.jpg?twic=v1/output=image&v=2)
13 August 2007 | 6 replies
Expect that they might be too slow so be prepared to entertain late contact if the offer expires.John Corey
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/5385/small_1621347400-avatar-raices.jpg?twic=v1/output=image&v=2)
11 August 2007 | 5 replies
Also note any special skills or prior training you have that might cross over into RE activities.John Corey
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/17047/small_1621359545-avatar-sosa77489.jpg?twic=v1/output=image&v=2)
13 August 2007 | 4 replies
Any special skills or details that we should know?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/610/small_1621345505-avatar-goyanks.jpg?twic=v1/output=image&v=2)
11 August 2007 | 9 replies
thanks so much jon--i will have attorney prepare that for amount of loan
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/16966/small_1621359522-avatar-atao16.jpg?twic=v1/output=image&v=2)
11 August 2007 | 4 replies
There will most likely be very few investors willing to do stated and no-doc loans, and if they do they will probably only be 80% LTV.So, again in short, be prepared to come to the table with some money down, just like it was 10 years ago.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2658/small_1621346224-avatar-lanebailey.jpg?twic=v1/output=image&v=2)
13 August 2007 | 2 replies
Years as a Realtor, prior career, special skills, any experience as an investor?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/16181/small_avatar-dallou%20commercial%20lending.jpg?twic=v1/output=image&v=2)
16 August 2007 | 2 replies
Hello I'm a Commercial Broker that specialize in Local and Internationallarge balance transactions of $15,000,000 or more.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/17113/small_1621359568-avatar-lajohnst.jpg?twic=v1/output=image&v=2)
27 August 2007 | 4 replies
Also, are there any documents that I need to prepare other than the 2 contracts between myself, the seller and investor?