You will likely have to pay substantially higher interest rates, you might have to go the "personal loan"-route(either "secured" or "unsecured"), and bite the bullet on the APR, and even the tax-deductability of the interest on the loan(?...

In addition to another negative condition is that she requested to have her security deposit pay off during the first 6 months of the 1 year lease contract rather than before she moves in.

Hey Ram . . . we've been chatting by email, but I wanted to send you an official welcome through the forums.

We did get the idea from the Total Money Makeover, we just weren't sure if it applied to income properties as well as for our personal residence.In these uncertain economic times, I "feel" more secure by owing less.

This is not an official group, but a set of volunteers who will, when they can, make some of the newer members feel a bit more welcome here.

After Nasdaq crashed and my partner lost $3 million (he was the money guy and was not on my system), I decided that I should learn the securities and bond side of the business.

In the lease, can you reserve the right to sue the tenant for any loss it seems that they have caused, like fire or other damage, something that goes past the amount of the security deposit?

In addition to what Ned mentioned, you will also have advertising, entity maintenance, legal fees, evictions, court costs, periods of high vacancy, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), etc, etc, etc.

There is another California law that applies to any company that offers advice or assistance to consumers in credit related transactions – called CSO’s – for unsecured or secured loans.

Has anyone secured equity from a hedge fund?