I am going to walk through the home and make sure he has done everything I have asked and that it looks good. is their any other step i need to take before i pay him his final cut or is it time to move on to finding a renter

Keep in mind they are likely paying below market value, so giving them a small amount won't be enough to cover the new market rent that they would be moving to.3.

After 20 years of buying and selling real estate this morning it occurred to me that if somebody offers to sell their house for let’s say $250,000 “as is” and you agree to pay that exact price with no contingencies, but other people are interested in the property , then that seller can just raise his price and not sell the property for the price “advertised”.

Currently have not closed any transactions but I have clients looking.

How can I negotiate to buy a house that didn't sell at $749k on the open market, subject to the existing mortgage with cash over, seller pay the broker fee and i buy "as is, where is"?

Or maybe you can partner with someone to borrow $10,000 today to make the repairs and pay them back $12,000 in one year (20% interest).You also need to really crunch the numbers.

Hi Allen,It seems odd the lender is pushing for the 10 year ARM product when you are willing to pay 0.50%.

Are they a good tenant and paying rent?

You don't make enough to pay lawyers, fines or anything else from your cash flow. 

My question is, does the fact that we rented the home exclude us from being eligible on not paying taxes on the first $500k proceeds from selling after two years?