Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
It saved me when things got real (hello, crazy boyfriend with trust issues).Security Deposit: Non-NegotiableOne full month of rent as a security deposit (at the very least!)
Olivia Armstrong
FHA or any options for property with two homes?
14 January 2025 | 2 replies
We have some $ saved but don’t have enough to put a full 20% deposit down as needed by most conventional lenders.
Gary Green
Suggestions for saving for first investment property
25 January 2025 | 1 reply
Ask your employer if you can have your pay split up into three deposits, one to investments savings, one to your checking account for personal use on a daily basis, and one to an emergency account you can tap into so you don't have to tap into your investment savings.
Walder Javier
Has anybody worked with Rehab Financial Group? (Hard money)
23 January 2025 | 3 replies
Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.
Garrett Brown
A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
Endless options for sure.
Lorraine Hadden
Sellers/Agent Placed the EMD in an Interpleader Account w/the CA Courts
24 January 2025 | 3 replies
We completed our due diligence within 10days and once the report came back, we immediately requested our deposit back.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.
Farnaz Z.
How to screen a tenant without a social security number?
13 January 2025 | 4 replies
Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law.
Olivia Blake
New Landlord - Tenant Refusing Payment Method
28 January 2025 | 16 replies
As a PMC, we allow tenants to:1) Mail in rent (we charge a Processing Fee)2) Deposit at our bank (we charge a Processing Fee, but less than the mailing one)3) Use Zelle, Venmo, etc.
Robert Liu
New build with delta build services in Cape Coral
22 January 2025 | 66 replies
The deposit amount when working with a lender comes from the lender - it is basically the amount of skin the lender wants you to have in the game.