With private lending secured, I bought the property, excited to add another rental to my portfolio.What I didn’t expect was just how much of a nightmare this property would turn into.After closing, we began the renovation.

Based on an estimated appraisal of $1.1 - $1.2 million, you could secure a loan of up to $900K (75% LTV).

Did you get their security deposits and prorated rents?

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

What strategies have you found effective for securing long-term rental loans?

However, these are advanced techniques that are rarely as easy as they sound, and they all come with additional risks.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Can I secure the same loan for both scenarios—buying a new house from a contractor or refinancing in the BRRRR method?

While interest rates are higher, they could work as a short-term solution to help you secure the property, and you can always refinance later once you have a steady income.3.

Governor Gavin Newsom has signed AB 2801, a law requiring landlords to provide photo documentation when making security deposit deductions.