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7 March 2024 | 18 replies
Unless you live in a state where deposits have to be kept in a separate account (google) I would open 1 business account and a credit card for the rental property.
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8 March 2024 | 18 replies
Get an approval letter from a hard money lender or a bank and post a non refundable deposit that in the event the deal doesn't go through the money is forfeited to the foreclosing lender.
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9 March 2024 | 261 replies
That is going to cost you $500 / hr with a $5,000 retainer. haha true thatAnd we can hardly get investors to commit a $5,000 refundable deposit on deals as part of our pre-qualification.Tried offering something similar but never focused on scaling personal consulting so it didn't fly.Was never really interested in the voodoo boodoo guru BS Instagram promoting, etc...But I do believe in selling your time and not courses, seminars and all that mumbo jumbo heheThanks
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7 March 2024 | 3 replies
small community bank where the assets are located is where I have had success at a little over normal bank rates.. but keep in mind we had significant deposit relationships 7 figures etc..
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8 March 2024 | 22 replies
You may personally lose capital if earnest deposit is nonrefundable and if you pay due diligence costs out of pocket.
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7 March 2024 | 3 replies
Pay Near MeI dissuade in person payments by adding a fee to my leases if I need to physically collect rent and if they give me a check or money order I use mobile deposits to avoid a trip to the bank.
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7 March 2024 | 5 replies
The parents will co-sign the lease and pay Direct Deposit with First, Last and the only guarantee you have in Rentals, a Deposit.
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8 March 2024 | 17 replies
If you can't find a buyer soon enough then you will lose your Earnest Money Deposit. 2.
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7 March 2024 | 5 replies
There is also a Bank statement loan but that would require 10% down where they use gross deposits instead of income/taxes.
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7 March 2024 | 6 replies
If occupied then the buyer and seller come to an agreement as to how that is going to be handled... seller rent back for a certain amount of time or buyer to inherit the tenant with all of the documentation that goes with that, rental application, lease and security deposits.