Subtract that number from the "Value" number you just discovered.That's the offer you make.The second document you'd require from the seller upfront is the trailing 12 "RENT ROLL" which includes the move-in date for each tenant, as well as actual rent paid, and rent owed, if any.

So the first trust deed holder put the building into foreclosure with a sale date in March. it also has a second lien holder that the realtor says will accept a short sale. he says the total of the two liens is over $500k.How do I work this so that it makes sense?

I would also explain to her that she will have to pay every late fee and that, if you're using a TAR lease, any newly collected rent goes towards any prior fees first and new ones will continue to accumulate.I've moved due dates for certain tenants in order to help them get caught up, but case by case.

Ben much like internet dating.

The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC)  must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

You stated you have a contract.. so your bound... if you didn't have a penalty clause like if not completed by XXX date you'd get a discount,  then you get to pester and babysit him till it's done.  

You could choose otherwise but you first need to confirm with your landlord tenant regulations as to how 60 days is defined.I would plan on giving her notice near the end of February and the termination date would be the last day of April.It is within her rights to have the court hold her rent however that does not mean the court will rule in her favour on the matter.

Tell them you need this if they give you any problems because you close in a different name in each property you own for legal reasons, but you don't know what the name will be until we get closer to the closing date.

He needs to sign a roommate off lease agreement and she signs that also, and the security deposit is listed as it stays on account with the remaining tenant.FYI,, in MN a person with a Domestic Abuse Case can give notice and basically vacate FAST, with proof of the case regardless of lease term, all that's required is that rent is paid up until date they leave, no penalty. ( if I remember correctly).Which stinks for landlords.. but protects the victim from continued abuse and the abuser from finding out where they moved to, and keeps them from returning to harass. 

Hello Guys I'm still learning the wholesaling process, one question I have came upon while doing research is what exactly is a wholesaler suppose to do if the pre agreed close date can't be met by a buyer. from what I have read it is the inspection period and this is used as our way safety net to get out of a deal with seller.