All Forum Posts by: Emanuel Ohunwu

@David Martin Thanks for the link! Looks like there some other important statues included. Really helpful!

@Bob Prisco 🤣🤣🤣🤣🤣 Calm down! You make it sound like I'm friends with Bernie Maddoff.

@James Wise As a regular citizen in Texas I just have to keep it in a separate account from my personal funds, which is where my tenants security deposit is kept. I've read some states or cities require interest to be paid on security deposits. That's also not the case in Fort Worth or Texas.

Thanks everyone for the replies. I discovered some other threads about the subject and decided against it. I always like to think of different ways to make extra money and was curious if anyone has ever thought of this.

@Timothy Hero Do you have any private lending companies that you recommend?

Has anyone ever considered placing security deposits in the stock market? I'm talking about dividend paying stocks such as Google, Apple or

Microsoft. It's an idea I've been playing with. My rental property is in Fort Worth, TX and I haven't seen any regulations against it. The only risk is if there is a market downturn as tenants are leaving a rental property. I only own one duplex so I could afford to pay out of pocket for any deficit from investing the security deposit.

@Hud Floyd Who hosted the multifamily conference? I'm a real estate investor in DFW. I would be interested in attending the next multifamily conference if they accept new investors.

@Aaron Romine I'm also "house hacking" a duplex. I use cozy to collect rent from my tenants. It works pretty well for me.

@Matthew Paul the storage shed is a great idea! You could rent the storage sheds to your tenants. Great way to get some extra cash.

@John Kutrzeba I only invest in multi family homes built after 1984. Those older homes tend to have a lot of issues. It might be easier to get a loan and fix those larger issues then sell in 2 yrs if possible. Another option might be to sell it to another investor at a meet up.