Nick McCandless
Turnkey Real Estate Investments
17 December 2024 | 22 replies
The rent guarantee was never deposited without several reminders that it was past due.In May 2018, ABC told us that the house was almost done, and we could hire a licensed Home Inspector to inspect the home.
Sean Relyea
Baselane & ACH Collection Services
3 December 2024 | 26 replies
Quick context: I placed a tenant in one of my units after thorough background checks and collected security deposit + first month's prorated rent via Baselane (bad move!).
Tyler Brown
Best Energy Company for landlords
6 December 2024 | 2 replies
If you have good credit they don't ask for a deposit so it very easy.
Katharina Bormann
General non-responsiveness from tenants in adhering to agreement
10 December 2024 | 9 replies
If the cost of the couch removal and other items isn't that significant, maybe just pay out of pocket and don't renew them for another term (or take it out of security deposit if you have one).
Shawn Nofziger
Self fund first property or get loan?
9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
:)To anyone reading this: if you happen to think using other people's money means you don't need any of your own, raising outside money may help you recover your expenses, but you still have MAJOR out of pocket expenses, typically, due before you can raise any money:Earnest deposit: most people raise after you get control of a deal.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
They were accepting deposits to their accounts just weeks prior to announcing conversion to equity.
Fakaradin Floyd
Advice on my STR pitch and overall Rental Arbitrage advice (Alexandria VA)
30 December 2024 | 89 replies
A larger refundable deposit?
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
Few people have no clue what is or how it works, I was just reading today that the cannabis growers that will be trading BILLIONS of dollars in CA, cannot deposit those funds in traditional banks, therefore; many will be using Bitcoins and other digital currency.
Ian Stuart
AMA - Agency Multifamily Debt (Freddie Mac & Fannie Mae)
4 December 2024 | 2 replies
Loan Costs, Deposits, and Escrows: Origination fees, application fees, third party reports, legal, insurance review, title & escrow, rate caps (floating rate loans), due diligence deposit, rate lock deposit, standard escrows, etc.6.