Just set the values as customary, the best argument is the % of sale price in it's as is condition, then adding improvements made to the building side as described.Now, had we considered Pat's suggestion prior to the purchase, may be something could have been done that better suited the situation, but not with related members are probably not with a few residential units as that isn't common.

Here, there is a "default" lease under our Residential Tenancy Act that comes into effect once you accept payment for an accommodation - if you do not have a specific signed lease.

No way they are to pay all that.I am more perplexed now because this is a standard short sale addendum mandated by the realty for ALL SS deals.

If they are residential, then the rule of thumb - as mentioned above - is to have six months reserve to cover your mortgage, property taxes and operating costs.

Hi Rose,Good luck starting out if you come across any vacant residential properties in Philly you want to wholesale let me know

Thank you so much.My focus has been on Residential listings so this is my first commercial transaction.CalBRE 01325882

Has anyone really done this with a residential property?

My interest is in residential and duplex purchases.

Hello BP community!

I am a Connecticut investor. Got a call today from a very motivated seller in NY and I need advice.

Can I use my Connecticut Purchase Agreement in NY????

Any advice is much app...

My investors are passive and don't fully understand the ins and outs of purchasing and operating residential income properties, but are looking for a good investment.