Hello everyone, I have a property that I rent out in the Bronx where I am in the process of evicting a tenantI received an order/judgement from the court for obtaining possession on 8/10/18 (outcome of filing a holdover case).

Back when I had rentals, in TX almost ANYTHING the owner possessed was covered by state law to prevent the landlord from attaching it.

His client was in the latter half of foreclosure and needed someone to help them complete renovations on a rooming house that they would ultimately take possession of.

Control property with a delayed settlement with right of possession Joint venture with the seller, split the profitsFind an Angel Lender, offer less than hard money interest with equity kicker upon saleFriends or family friendly partnershipAssign contract before settlement date (use banking days in offer and built in extension)Use commercial check protection (give yourself a loan)Create a note on other properties and trade for the property subject to sale of noteDo a Tax deferred exchange Sell the property under contract by reserve auction and assignmentEquity loan on your personal resident or other property ownedExchange something you can buy on time in exchange for the property you wantPropose 120% seller financing, receive 20% cash from seller, split profitsShort term lease until renovations are completed with option to buy Vertical Break Up, offer to buy the building and lease the land it sits on Seller Pays Buyer That’s right.

So my question at this point is how do I know if I need to spend the time and $$ to file a writ of possession?

Another option is to serve a "Pre-judgment Claim of Right to Possession" form to one of the tenants.

Ask the Seller point blank and in writing, if they have had any tenant that has been more than 60 days late on rent since he took the possession of the property.Suggestions (based on my experience):1.

You should make sure that your lease and your option is on separate documents.subject-to's --- OK, this can be tricky because there are risk here, a subject to is usually a violation of the seller's mortgage agreement, meaning if the property is transferred, the mortgage could become accelerated and become due in full.You may want to consider this contract of sale, subject to the existing mortgage with right of possession with settlement to be within 7 years.Make sue you have a signed deed in escrow so that when you are ready to have a formal settlement, you don't need to find the owner to sign a deed.When you put the deal together (and you understand it), the closing agent will be found to do that deal.Charles

MF and SFH homes typically have multiple bids with various clauses to enhance the bids: Escalation clauses, waiving inspections, high EMD, free possession after close, faster inspections etc.  

Closing will be on the 11th of June and home will be able to be possessed at that time.