Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score.

They assist investors in preparing necessary documentation, such as detailed project proposals, financial statements, and credit histories, which are crucial for persuading lenders.

Insurance, bank accounts, credit cards, etc.You are probably making your life more complicated and expensive than it needs to be.

I just write the property address on the receipt.I couldn't fit a different credit card for each property in my wallet.

Have them sign lease at full amount, then give them a monthly rent credit.

Welcome to the community and be ready for a huge amount of information at your finger tips.

ACH transfers are free, but if a tenant wants to pay with a credit card they will get charged a fee.

Next we utilize mysmartmove.com for background/credit report.

I am new to this forum and after enjoying scrolling through tips can anyone help me with a constant problem.

Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.