Quote from @Erica Dike: Quote from @Ian Tyndall: Throw pillows…Fake plants…These are needed to spruce up bedrooms, bathrooms and outdoor spaces.

I was able to secure $27k from them and $8k from our savings and the deal went through!

Do you collect security deposit, sign a rental agreement, background check, etc?

With high home prices, rising mortgage rates, and intense market competition, securing a property has become increasingly difficult.A recent survey found that over 60% of real estate agents reported instances where Gen Z buyers lost out on homes due to delayed decision-making, missed appointments, or hesitation in making offers.

Hard money, private money, joint ventures, even lines of credit secured against existing assets—there’s a ton of capital out there looking for strong operators.

They're very different thankfully so it feels like there's always at least one who's acting like a normal human being...A defeasance is something that happens on commercial properties when a securitized loan (like a CMBS [commercial mortgage-backed security] or agency loan) needs to be paid off early, either when you're refinancing or selling your property that has a loan on it.

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

But to answer Cheryl's question - you can file suit against them but you may be throwing good money after bad  - but if they are continuing to raise money in their name then there must be something there.

Yes, you can deduct the 8 days rent from the security deposit.

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