Hence some folks already able to secure 30YFRM below 6% this month.

Guests book our cart through the platform and Fenderly handles the security deposit and everything else. 

@Blake Yarbrough why not have the individual loan you the down payment, secured by the property, at a rate that is more than he can make in the market or in a CD and calculate that amount into the total debt service.  

Or should I talk to him and ask for additional security deposit since we received the bankruptcy letter?

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.

**Financial Security**: Being young and living in NJ, I want to build a strong financial foundation first to ensure stability before taking on more leveraged investments.This approach might be slower than the BRRRR method, but it provides peace of mind and a secure starting point for future investments.Pros and ConsPros:•Initial capital boost from flipping the first house.

Most states require you to have a separate account to hold security and advanced rent.

We worked out a deal where is we borrowed at 50% LTV we would not need to provide personal guarantees and the loan would be secured by the mortgaged property ONLY.  

What else are you doing to maintain security remotely during the rehab phase?

I'm thinking that at least social security is steady, but I don't want to take any risks.