Fortune Solomon
Ideas to get second property
22 January 2025 | 1 reply
I have connections that could help you identify creative solutions for funding and securing a deal that aligns with your goals.
Fareen E.
Start lease on closing date or the day after?
10 January 2025 | 11 replies
Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.
Garrett Jennings
Can I do a hybrid of seller financing and bank financing?
17 January 2025 | 4 replies
Possible (but I doubt easy) if seller takes a 2nd / subordinate position to the bank or is secured by other property you own.
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
Unless the medical condition meets the state criteria for early termination and that the medical notice does not appear to suggest that, you cannot terminate the lease outright/immediately but that you will begin to market the property for rental and upon securing an acceptable tenant, the lease can be terminated pending a satisfactory property walkthrough indicating no damages.
C.S. Bryson
Is this a good deal?? New to investing and seller finance and looking for advice :)
21 January 2025 | 16 replies
The buyer may pay off the remaining balance at any time without penalty.2.Late Payment Penalty: A late payment fee of 5% of the overdue amount will apply if payments are more than 10 days late.3.Loan Security: The property will serve as collateral for the seller-financed loan.Hey @C.S.
Byron Umana
New to Airbnb Hosting? Here’s a Step-by-Step Guide to Get You Started!
20 January 2025 | 8 replies
It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.
Anthony Bodota
New to real estate and ready to learn!
15 January 2025 | 2 replies
With the future being so uncertain I realized there was a need to do more than just rely on my job for financial security.
David Ritz
What should I do to get rid of my tenant?
21 January 2025 | 2 replies
I noticed that the previous owner let them pay half the security deposit and the other half later, which is a red flag.
Briar Blake
Property Managers Violated Contract
7 January 2025 | 11 replies
PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits.
Sarah Allgood
VA Loan Assumption Opportunity - Clarksville, TN
6 January 2025 | 5 replies
I love finding VA Assumption Loan deals and have personally secured one so far as a rental property with a 3.3% interest rate.