If objections are not cured within such 15 day period, this contract will terminate and the earnest money will be refunded to Buyer unless Buyer waives the objections.

Example:Purchase price $5,000,000Down pmt:    $1,250,000Amt:   30 year Interest: 4.5%Interest only period: 3 years If the property will bring in an 8% return and I’m going to have $750,000 and the debt partners would finance the remaining $500,000 for the down payment I think this would work. 

We will finance 70-80% to allow for updates/repairs and other investing.  

YOU still have to give proper notice,, NO way can you do this the way your thinking,,Download your state landlord tenant laws so you can operate this business properly,Get a copy of their current lease,, IS there a clause that says,, it will automatically revert to a month to month term if not renewed for a longer period..IF so your fine,, you'll just give them notice of lease terms changes the next month,, they don't need to vacate if you want to keep them,, you can give them a heads up what the terms will be, you can suggest it would be nice to start off with a new lease, but understand they have a month to accept that new lease or give proper notice to vacate..It's not that it can't be done,, it has to be done the proper way..

Remember that a piece of the pie is better than no piece at all.Please keep us updated on how this goes.Best of luck!

The houses are usually updated after its been sold.

Daily habits done over extended periods of time lead to answers, results, and success.The other answer is to stick it in the stock market or come back with a better question.

This year I decided to update both units significantly.

The contribution period will be 1 year, then I will have enough saved up to cover 3 months of expenses. 

Hey guys, I wanted to give a status update on my purchase.