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26 September 2024 | 0 replies
For this deal, my mother and I secured financing through a Debt Service Coverage Ratio (DSCR) loan, which allowed us to borrow based on the rental income potential of the property.
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25 September 2024 | 11 replies
It's the same thing from a dollar perspective as it's just the accounting classification of funds, but since they applied the security deposit to the rent they also took part of the security deposit as late fees for themselves which just feels wrong since they didn't actually get the rent, but just applied the security deposit.
26 September 2024 | 0 replies
I'm actively purchasing multiple properties and would like to leverage hard money loans with terms typically ranging from 1.5 to 2 years.My primary focus is on securing financing that aligns with my investment goals while ensuring that the rates and terms are the most favorable.
26 September 2024 | 4 replies
I was able to to secure a loan.
28 September 2024 | 19 replies
Plan is so that he can retire and him and my Mom can be financially secure on rental income while my sister and I manage the properties in the trust.
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2 October 2024 | 48 replies
I called VRBO customer service and was told, "Well, you have a security deposit.
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27 September 2024 | 14 replies
Regarding security with buying the property, I can't say I'm too worried about that.
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27 September 2024 | 13 replies
You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.
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25 September 2024 | 14 replies
Most S8 tenants have a history of bad decisions and from all that, many have only learned how to game the system.We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher and pretend to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.