There’s a landlord in Central, a small town in South Carolina, who is threatening to evict or double the rent on the wife of a U.S. soldier. The soldier is Army Sgt. William Bolt who has returned home for the holidays to be with his wife and their newborn baby, who live in an apartment […]
5 Things Every Real Estate Investor Should Do to Start 2015
This list is certainly not exhaustive, but it’s a good start for investors wanting to make more profits and reduce liability risks. In no particular order, below are five things you should do in December 2014, in order to make 2015 your best investor year ever. #1 Review Your Business Plan Don’t have a business […]
Lease-Options & Land Contracts [PART 6]: List of Important Documents
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. The following is a short document checklist, which a landlord/seller may find useful in lease-option transactions: Lease Application Credit Reports/Tenant Screening Reports Employment […]
Lease-Options & Land Contracts [PART 5]: Exit Strategies
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. Exit Strategies and Credit Problems The transaction documents should describe what will happen if the tenant defaults on the lease, fails to exercise the […]
Lease-Options & Land Contracts [PART 4]: Important Deal Terms
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. The Length of the Option Term/Period You need to give your tenant time to repair her credit and obtain financing. That takes 12 months […]
Lease-Options & Land Contracts [PART 3]: The Right Tenant. The Right Property.
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. The Tenant/Buyer Should Be Better Than The Typical Tenant The tenant/buyer should be more credit-worthy than a typical tenant and should have a strong […]
Lease-Options & Land Contracts [PART 2]: Two Transactions, Not One
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. A “lease-option” is actually two transactions occurring at or near the same time between the same parties. The first is the execution of a […]
Lease-Options & Land Contracts [PART 1]: Important Background on Lease-Options
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. Why Landlords Need to Know the History of Lease-Options Over the past several years, there have been many changes in the use and the […]
What You Need to Know About Tax Sales
Recently, a client at our firm was notified that his property had been sold at a tax sale. The client told us that he had never been notified of any tax owed on the property. It was only after he inquired at the county Auditor’s Office that he discovered his property had actually been sold […]