If you just want to have them sign a lease that has all the same terms but just on "your" paperwork and with the updated contact information for payments and repairs then you should be fine.IF you change any other terms I would make sure that they also sign something acknowledging that both parties of the previous contract willingly nullified it and entered into this new agreement.At least in my tenant friendly state I would be scared out of my mind if a tenant brought me to court with a defense that I tricked them into signing a new lease with new more favorable terms and that they had the original one to prove it.I WOULD lose and would have to pay triple damages on whatever they claimed I screwed them out of.

Nothing has been reported on the news or through my network with this happening there.Macomb County does have some run down neighborhoods that need to be brought back to life.

Your buyer really shouldn't freak out about ANY number they become aware of you taking on assigment - all that should be his concerned with is that you brought them a deal and that deal fits HIS model, and if they do, as James Hetfield of Metallica so eloquently said, "Nothing Else Matters."

Be sure to set up your keywords so you can be notified when topics that interest you are posted, I have a keyword set for MA, which is what brought me to say hello.

I only needed 3 minutes inside the property since I brought my video camera for a quick tour....really easy to work with.

You can also work out a deal with the cash buyers (if they don't have an agent) that they have to list the property with your agent who brought you the deal after they rehab it. 4) Look for cash buyers to fund your campaigns as well.

i signed a agreement to pay off a debt of 8000 brought down to 5000 from the settlement company but the check bounced because of a paypal unathorized withdrawal from a ebay dispute. now the company want me to pay the original 8000. what to do?

its funny you brought up this subject tonight, I am good friends with a firefighter & teacher(husband and wife) who both work for Milwaukee & we discussed this tonight.

But I think Cap rate is very misleading.I just bought a property for 1 mil, owner last year brought in 80K so his cap rate is 8%.  

@Gerald Harris brought up some important points on rehab costs and such.