Additional escrow may be added for security for the seller.

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

With inventory expanding, it feels like there could be opportunities to secure deals, especially if the right cash flow potential is there. 

Make sure to check in with some lenders because they can find you grants to help with closing cost. 

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.

I have mlo in Oregon and it’s the division of consumer finance and corporate securities. ca probably has a version of thathowever I did all my loans with my ca brokers license  

I would count on having at least half market rate tenants, in the event Section 8 rents are higher than market, which they are in our market (granted you will need to subtract the utilities from the rent).  

On 12/19/2024, we sold it for $99,000, securing a great return.

However, they can deduct the interest they pay to you as part of the seller-financed agreement—if the loan is secured by the property and you provide them with a Form 1098 (Mortgage Interest Statement) for their records.

But what is really important is that you understand the terms of the loan, including the length of time and when you can expect to get the money back, how it is secured, and the process of getting it back if things don't go as planned with the investment.