We make the tenant pay all moving expenses for a holding agreement prior to ordering inspections and completing their list.

Whether a condo is warrantable or down payment requirements and terms structuring? 

Things you want to consider would be what your long-term plans are with this property.

Guessing the potential long term construction of a new road and housing development with no time line is scaring people away.

Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.  

@Bill Gulley I like the way you think......The only snag is getting a seller to agree to this original contract term.  

Short of that your going to frustrate yourself.Real estate by and large and I know some on BP will disagree but by and large its a capital intensive business that is a long game...

I tried to give them a call on Friday but couldn’t get a hold of someone.

Many months of rates moving at most a few basis points a week morphed into dramatic, massive movements—with bigger changes sometimes happening in one day than had occurred in quarters or years prior.Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage when they can lock in financing terms or plan purchases while DSCR loan rates are favorable.

The fees on holding aren't really the issue, it's having our money tied up.