BiggerPockets.com Real Estate

Forum for Investors of Real Estate. Discuss financing, foreclosures, wholesaling, rehabbing, landlording, and much more. Provider: BiggerPockets.com Feed Type: Informational [report]

Most recent items from this feed:

HIGHLY MOTIVATED New Investor In California Seeking Mentor

When it comes to REOs in Southern California, try to meet Tony Alvarez. He is the real deal & is well known. He shows up at investment club events from time to time.

Can I cancel rental agreement if...

A contract of any kind requires an offer, acceptance and consideration. If anyone of these pieces is missing then no contract exists.

It might be argued that you created a unilateral contract that if your tenant performs by the date specified a contract will come into existence.

In your case I still see no consideration given for the promise of having the apartment available in two weeks.

I don't know your state and I'm certainly not a lawyer. I do though have some understanding of contractual law which can vary greatly between states depending on state precedents and state statutes.

competing against the big boys

One thing I have not seen mentioned yet that could help you:
1. Find every "Big Boy" in the game for your area.
2. Get a copy of all their ad materials.
3. Check to see exactly what they are offering.
4. You build your market on things they do not offer.
I just read an ebook on the internet about an individual starting a business while attending college for pre-med school. He knew most places were open from 9-5 so he put his ad on the net for 24/7 operations. When calls came in at 2 AM from Australia - he answered, got what the customer was looking for and got him the item. When he started out this was a "new" concept - now it is ho-hum stuff. But the idea is the same: Find out what your competitors are not doing for their potential customers and YOU provide that service.

Can I cancel rental agreement if...

If she performs on the contract I think you may be stuck. Did she give you the money yet?

Offer...acceptance...consideration...seems legally binding to me. Perhaps you can give her some money to break the contract.

What is the whole story?

Can I cancel rental agreement if...

No the reason is not that. We are just having second thoughts about her as a 'roommate'.

Agreed...my comments are for if the date does pass....which I am assuming will be the case and that is why the question was raised.

How to Structure Deal with Buyers Getting Mortgage?

Probably. The buyer needs to be VERY up front about what's going on with the lender. The lender will probably use $240 as the purchase price rather than $250. So, the down payment will be based on the $240K figure and the buyer's will have to pay your fee out of pocket.

When to give up the 9-5 job?

http://www.biggerpockets.com/forums/62/topics/9622-when-can-i-quit-my-9-5-job-

This thread is pretty old but asks the same question might be worth looking at.