Strong agreements that protect your position in the deal, and recording a Memorandum of Option with the county will go a long way to protecting your interest. 

@Olivia Blake what you are running into is a tenant how has been a long term tenant.

This can provide additional capital for future investments and get the next one.Or evaluating other loan options:Depending on your long-term plans, you could explore conventional loans or portfolio loans that might offer more favorable rates or terms with the new appraisal value factored in.Your decision depends on your broader strategy.

It seems like there's a lot of opportunity right now in that SEPA and South Jersey area (I'm on Long Island but have worked with folks who operate down there), and you're setting yourself up with smart partners, so you're ahead of the pack here already.I do have a good relationship with a strong commercial brokerage firm in that area, let me know if that would be a useful connection for you.

Why do you think purchase contracts are so long and have such small print?

So over the long term, I think it certainly could affect home and commercial prices.

Why do you think purchase contracts are so long and have such small print?

I have owned it for a very long time and had depreciated most of the original purchase price. 

There are a few illegal ways but that is the wrong way to get into this business.I have heard all the arguments about how the mortgage company doesn't care who writes the check as long as they receive it.

Hello everyone! My name is Dillon Seal, and I’m excited to join this vibrant community as a new real estate investor. I am keen to learn from the experiences of seasoned professionals and collaborate with fellow inves...