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5 July 2021 | 54 replies
Only a debit card and ID to get an Airbnb, fake id, pay as you go card, when they trash the house who are you going to chase to pay for the repairs?
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11 July 2021 | 4 replies
This also goes for getting a credit/debit card to spend only for your real estate investments.
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6 July 2021 | 5 replies
Your first deal might need to be a house hack in order to use the FHA loan, but you will be surprised how quickly a year goes by, which is the FHA requirement for occupying the home.Lastly, if you find yourself having trouble getting anyone to give you a credit card or loan, consider a pre-paid credit card.
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2 January 2022 | 10 replies
You can order and use checks tied to this account for paying them.3) Set your mortgage payment to auto debit from this account.
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13 July 2021 | 6 replies
You can easily spend over 10k on buying points, which make your closing costs an upward of 15+k, not including your prepaids and escrows.
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18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
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16 July 2021 | 1 reply
There will be a debit from the seller for any security deposits and advance rents, etc.
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20 July 2021 | 8 replies
@Jason Ricardo salgado I wish I had known that guests could pay using prepaid Visa cards.
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24 July 2021 | 9 replies
This is on the debit side.
24 July 2021 | 6 replies
My tenant died and has three months of prepaid rent.