Your lender may require tax impounds in advance.

Steadily does write in California, but it just depends on the exact address, as there are requirements based on the location, how far the home is away from a fire hydrant, etc., things like that. 

And obviously the better the script the better the results over time.Lastly, just understand the more distressed the list, the fewer calls/texts it requires to get a lead or a deal.    

@Munjal Adhvaryu we have a lot of Canadians investing in Detroit because there's only a river separating the USA and Canada.So, we're very familiar wth LLC and tax requirements for foreign investors. 

I don't know what the requirements most of them look for and am unsure what steps I can take to make that type of loan happen.

Hey all, first post here and excited to be a part of the community.I would like advice from experienced investors on their recommended incorporation structure for a business that will raise money from external investors to use in funding equity requirements of lenders in in fix/flips and BRRRR rentals. 

Tenant has paid the deposit, rent, set up their utilities, and anything else you require.

However, lots of CUs and Locals are requiring you to keep deposits with them if you want a loan - typically around the 10% mark.

Hi as Steve and Jason pointed out it is very important to keep funds seperate.You will need an escrow account, if it's required by law, your account will need to be titled XYZ ESCROW ACCOUNT, if not so required, it can be any account but ONLY deposits and funds held in trust should ever be depoisited to this account and any withdrawl should be well noted on the check and on your books.If you comingle you accounts and you need paper towels to clean units, the IRS can simply disallow your deduction saying it was used at home since it was paid from a personal account or one of comingled funds.I too would suggest you formalize a business entity, an LLC probably.

Housing providers now required by law to offer lease renewals to tenants, and other major impacts of HB 24-1098.Grace Property Management is not an attorney firm, and this is not legal advice.