Assuming they are month to month, you could start a new agreement the following month to cover the additional cost of the unit at say $100 extra lot rent.

With the new lending rules, banks have been even more aggressive when asking for additional paperwork to support large deposits.

2)In option two if you take $120,000 and pay your investor back his $65,000 and say an additional 20% of profit on $120,000-$65,000($55,000) giving him $11,000 of that and leaving you with $45,000.

My name is Lenny and I currently live in Long Island but spend the majority of my time in NYC due to work.For years I have always been interested in becoming a Real Estate Investor, but have either let negative people talk me out of it, or let small things or my lack of knowledge hold me back from moving ahead.I came across this site by randomly typing in 'Real Estate forums' into Google, in hopes that in this day and age there is a forum for everything, and sure enough I was right.After browsing the site for a few minutes, I thought for sure it would prevent me from accessing any extra material due to my past experiences in regards to Real Estate knowledge.

You won't learn a lot about investing, but you'll learn a lot of the basics that most newbies don't bother to learn, and never even knew existed, which can prevent problems down the road.

What will the price increase be for additional tenants.

Beyond that it would probably be an additional $40,000 and 30-40 days to complete it.One point of view is, since the downtown Charleston market is going to probably get hot again in February after a Nov-Jan cool-down, it might sell well in January or February to a buyer who is particular about what kind of finish out they want to see (it will ultimtely sell for $240 per foot x 1,600' for about $375,000).

Due to the age of the homes in our markets, we often have to gut everything anyway, thus we can take savings on the rehab of the smaller space to offset some of the cost of the addition.

In addition, our natural gas utility company is quick to share resources and check out the gas appliances if there is ever a suspected problem.

Many of these could have been prevented if the individual would have spent a few hundred (sometimes more) dollars on an attorney with KNOWLEDGE OF THE AREA.