And all the folks that could never get a deal to close and lost their deposit to them and EM etc etc..

Once they sign the lease and pay the deposit I credit them back the cost of the background checks off their first month’s rent.

What are the key benefits of investing as an LP compared to direct ownership?

My permits are ready for pick up and it’s been 13 months since giving 5 percent deposit.

It's very simple:1.Find a real estate attorney that does title work. 2.Talk directly to the seller and agree on a price. 3.

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.

. $1450 mo.) for$ 220,000 for the deposit.

Most of the rebates go directly to the MHP owner.

Being local gives you an advantage you can check on properties more often, connect with agents directly, and just have a better feel for the neighborhood.

A lot of people sleep on properties that have been sitting, but where some profitable opportunities are.That said, I’ve been spending a lot of time working directly with investors and sourcing off-market multifamily deals—ones that never make it to Zillow or Redfin.