p=1688That refers to an open house for sale, but just wondering.Thanks!

After finding out about the smoking, inviting others over to live, dogs pooping on hallway carpets (carpets to be replaced) and used up last months rent from previous owner, sellers agent now tells me (after the fact and sale) that this tenant reported previous owner to board of health because thats how she settles things.  

I politely informed him that it was public record, thanked him for letting know the house was not for sale, and apoligized for bothering him.

Typically, second mortgage lien holder will foreclosures when the sale proceeds will cover both mortgage debts. 

Jeremiah, going into sales might be a good idea if the real estate market keeps appreciating but if we're in a downturn, many brokers will have a tough time.

I complete the full house sale contract with the addendum, and take a substantial earnest money.I include that the earnest money is non-refundable in the event that the lease expires.

If a broker or agent just rarely does an occasional sale with those and not a specialist it is highly likely they make a mistake that impacts you and your investment today and many years to come.

(e.g. contiguous)- Comprised of 4 parcels:P1 - 70 acres with 2250sqft 200yo house and 20yo barn.P2 - 35 acres with under conservation easement.P3 - 5 acre minor sub division home lotP4 - 5 acre minor sub division home lotSITUATION- Seller is 70yo and retiring in 2019- Seller has heIrs who are absent and uninterested in owning the property (will eventually sell inheritance)- Seller is a frIend and neighbor of the famIly- Seller (and our famIly) have preservation/non-development hopes for land in the neIghborhoodOUTCOMESFor the Sellers:- Immediate cash lump sum (property needs some work)- "Guaranteed" monthly/annual payments for deal term- Retain ownership and occupancy of real estate until they vacate- Seller retains ownership if buyer defaults- Continuity of neighborhood legacyFor the Buyers (us):- Acquire property rights- Fixed sale price- Known caretaker/occupant- Continuity of neighborhood legacyDEAL OPTIONS- $450-500k sale price- 10% down- 20 year term- 0% Interest- Land ContractThis seems like a good option to consider in terms of managing tax impacts to both parties, but at the cost of fewer “ownership rights” for both parties.- Seller FinancingThis seems like a good option to consider in terms of better “ownership rights” for both parties, but at the cost of trickier tax implications.

Since tax deed purchase is not a voluntary sale, I think there might be issues so check with the 1031 exchange co and they will give you guidance

Purchase price: $40,000 Cash invested: $25,000 Sale price: $95,000 I originally purchased this home as a rental.