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15 December 2024 | 25 replies
with auto-pay options, automatic late fees, and reminders, lease signing, security deposit collection, etc.
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13 December 2024 | 2 replies
Assumable VA loans are an excellent opportunity to secure favorable terms, but there are specific rules regarding who can assume these loans.
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18 December 2024 | 23 replies
Depends who you ask and how secure you feel about your income On the one hand being debt free is great, but leverage allows us to build our wealth quicker.RE investors are notorious for being cash poor, so I would avoid thatIf youre able to comfortably save 100k a year and have enough reserves, I think buying leveraged properties is the best way to scale.You could kill two birds with one stone theoreticallyThey say paying an extra month a year towards principal saves you 7 years on a 30 year fixed mortgageUsing that logic you can add 2+ months a year on your primary, and buy 1 property a year and keep enough reserves.
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15 December 2024 | 59 replies
Always charge at least some sort of security deposit, and the first months rent up front upon movein.7.
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15 December 2024 | 12 replies
Built in security as I don't visit the land much as I am in Connecticut.
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13 December 2024 | 13 replies
You can find fantastic properties that fit various investment strategies, whether it’s securing a multifamily property that offers attractive cash flow or opting for areas with significant appreciation potential.
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10 December 2024 | 6 replies
Not sure the extent but f the damage yet but the few things she told me about will go beyond the security deposit.
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17 December 2024 | 42 replies
They made the bank think that Joe wouldhave to do the collections and secure the collateral.
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9 December 2024 | 5 replies
I understand in NJ, landlord is not collect to charge pet security deposit.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.