All Forum Posts by: Trey Fischer

I am also looking for rent redi alternatives, I have used rent readi since April and it's been constant problems and lack of response from their support team. I currently have $350 dollars that is missing from a chargeback reversal from a tenant that has a document case with Amex and a statement to prove the money was sent back to me.  They refuse to get their payment processor on a call with me and amex to resolve the issue.  This issue has been going on since April of this year with no resolution.  I sent a message to their CEO a week ago with no response.  The only thing that their support team does is send you links to articles that don't solve the problem.

Hello, I am not sure why bigger pockets advertises rentredi.com, but I have been using them for several months and their support is beyond awful and I have been trying to locate money that has mysteriously disappeared. I had an accidental chargeback that the tenant had reversed at Amex because his mother did not recognize the name of my LLC. I have seen the tenant's bank statement and they opened a case with amex. After months of being told to wait(Issue started in April 2024) by rent redi, I finally found an agent that would escalate it to their backend payment processor(Propay). The payment processor says they have no funds "being held" but yet I can clearly see the money was sent and their is a Amex case number that says the money was sent back to my account. I then asked support that we do a conference call with Amex, propay(rent redi's payment processor) and they refused. $350 dollars doesn't just disappear. I have reached out to the CEO over a week ago on Linkedin with no response.

I’m assuming the 5.99 rate is after a significant buydown?

Sorry to hear that, I've had a few of my syndications pause as well, but the majority are still distributing monthly.  I've had good luck in deals with Rise48, passiveinvesting.com and life bridge capital.

Good luck.

Comps in the area are 430k, seller asking 250k.  House needs fresh paint, flooring and possibly fixing a roof leak.  I haven't physically looked at it yet but those are the current numbers I have

Yes, using my heloc to purchase the property all cash and then renovate and refi into another product.  The seller has heavily discounted the property and wants an all cash offer.  Any other creative ways to buy this property, fix it up and refi it?

Thanks

If I can buy a property with a Heloc, would I be able to refinance it into a traditional one?  Any seasoning requirements?  

@Arissa Pedroza one other question. what does the "general remodel permit" allow? Does that back-permit the work already done, or are you agreeing to re-do it? Thanks

@Arissa Pedroza so they didn’t have to inspect anything? You just had to pay the permit fees?

@Elizabeth Nurnberger. I'm told the MLS was used to see what the current state of the house was?