And bank of course does not charge us for cashiers checques.. we bank at small local community bank.if we win the bid we simply call the bank and tell them to process the checque and debit our account.Of course it takes a quite a bit of cash or LOC to pull this off on the west coast.. one would need Millions to be in this type of business but most HML in our area are 10 million and up.

All of our cash (50k) and about 25k worth of credit card debit will be in this place.  

A horse of a different color.There is no way around usury laws as they are based on the APR and the APR includes any fee, expense, points (pre-paid interest) or cost paid to obtain the loan.Charging a flat fee, like $3000 is simple computed as points would be, the fee divided by the amount loaned equals a factor, the same as points.

Forged Leases for Lower money, Pre Paid Rents, Extended Leases At Lower Rents Ect.

I am a newbie,here is my input through these days lerning.Hope that would help.tax is high,so we assume 60% gross income goes into expense.NOI=19,200*40%=7,680Annual Cash flow=NOI-debit sevice(PI)=7,680-5,958=1,722cap rate=7,680/104,000=7.4%

Great idea for a thread Al WilliamsonA friend sets a higher rent and offers a $20 discount if they pay with an ACH debit On the first.

If money is automatically debited from my tenants accounts on Friday of each week or on the 1st of the month and all they have to do is... nothing at all. 99 out of 100 times I get paid without any problems.I use Chase bank and they have a wonderful payment portal called "quick pay" if you don't do business with Chase simply talk to your business banker to see what your bank provides that would be similar.However, make sure there is a way you can deny payment in the event of an eviction!

She is using a pre paid legal service and thats what they suggested as far as the deed in lieu.

And again a level lot no wild foundation work.Sale price 725k kind of in the middle of what your thinking200k for the lot50k permits all in ( just a wag)220k to build house.20k cost of capital I did that at 15% apr for 7 months50k for closing cost and sales commission I would think you could negotiate lower commission I used 6% for commission and 1 % for your closing cost and maybe some seller prepaids.20k contingency.$560,000 grand total < 725,000> Net profit 165k This assumes you got 100% financing on the 470 build cost.. so your return on investment cash on cash with no money out of pocket is well pretty good..

In your bookkeeping, I suggest establishing a pre-paid account under the tenant's name.