I have a house under contract.

Can possible sub divide lot.over 5,000 sqft all brickrehab estimate- exterior 40,000... interior 20,000 per unit x 4= 80,000Total Rehab $120,000Seller Asking PRICE $175,000Present mortgage $125,000 @ 7.2% 30 year term (was originally $152,000 in 2004)No second liens2 units are occupied (don't see how with all the deferred maintenance) and supposedly collecting rents $600 eachThey originally offered a "land contract" at $175,000City assessment- based on land and structure $203,000All units are metered separately- electricity, gas, water, trash etc...The good news....pro forma base upon what I know about that area.

Hey all, I am about to go under contract for my first multifamily property a 6 unit building in Union County, NJ. 

There are guys that do assignment contracts but they are on a slippery slope when it come to the real estate laws in florida.

If you are going to sign contracts make sure YOU can close the deal if you cannot successfully unlicensed broker the deal.

As a landlord would you try to set up the lease contract to end at certain times of the year where you would avoid potential vacancy (like the summer or holidays)?

Hello,Bottom Line: I am under contract on a SFH in Columbus, Ga and I need to find financing or I am going to lose my earnest money. 

The usual situation that arises are borrowers that have entered into a new contract with the contingency of first selling their current home.

Consider grabbing a newbie realtor who's hungry, have them let you into places/fill in the blanks in a solid contract, and trust more in yourself for decision making.

If there was a closing deadline and it passed, they may say you didn't close by the deadline in the contract so the contract is null.