This deal was sourced through our extensive network, allowing us to secure it at an attractive price.

A promissory note and deed of trust are important but there are also other disclosures and documents you should collect to help protect the loan - Lender's Title Policy in 2nd position behind the bank loan, Loss Payee on the hazard insurance policy binder behind the mortgage lender so your parents get reassurance they'd be paid back if there were any claims that need to be made.

We need to see your past tax return and ask you a bunch of questions.For reinvesting your money: also cannot answer without having an extensive discussion one-on-one.

Very excited to continue to dive into this line of asset collection and hopefully build a great portfolio for myself!

Also there are plenty of rent scammers out there saying they have a rental and collecting app fees on a ghost house and sometimes even getting a deposit.

My place sleeps a lot, and so, is often rented by large groups of "friends", no one with a majority stake in the collective negative outcomes of their behavior. 

Mobile homes can generate solid returns without needing to finance or deal with extensive renovations.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.

I closed on a flip last month at 8.54% interest, 1.25pts, 95% of purchase and 100% of rehab, and 9 months for the loan term with extensions being 1pt for every 3 months.