If you buy the house, do you owe both a fee?

*Investor-Focused Solutions: Custom loan structures that make it easier to get deals done, from seasoned pros to first-time investors.I’m passionate about helping investors simplify the loan process and make smarter financial moves.

I have looked at SK so understand the market there.

The person who found the deal, future partner, found it off market, turnkey, under market rents.

They signed the lease in March 2024.The first time they were late it was a couple of days past the 1st but within the 5 day grace period……Ok.The second time, they notified me on the 5th that they wouldn’t be able to pay until the 12th.  

It looks like this:THEM: I wouldn't be ready to rent this for six months.ME: I'm sorry, but we are not holding the property vacant for more than two weeks.

Problem is mate nobody is willing to make that sacrifice.That's why we have a job lolI moved from Australia to the US in 2012 to follow my real estate dreams.Folks have been born and bread here and still many don't want to do the work and would rather complain and blame me for any issues that occur from a turnkey investment standpoint ehhh 🤷‍♂️

The roof and attic are the best parts of the house, 0 problems.Main line, laundry line, kitchen line are actively leaking.

The example scenario would be if I bought a $1M property, the bank is in first position and covers 800k of the property cost, the seller agrees to cover cost of down payment and covers 200k of the property cost.Let's say we can no longer make payments on the property and it's foreclosed on.

hey jaryn , please send me a message