I’m looking at buying a 5 property package in Philadelphia.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I’m looking at buying a 5 property package in Philadelphia.

Over the past 3 weeks.I have someone willing to finance my 1st deal with 100k but I haven't secured the funds.

If one or more investors just pays money and expects to get a profit based on others' efforts, you have created a security and SEC laws apply.

@Mel Hayes need to sign a promissory note $45000 secured by the property and record it.

At the end of the day, if you complete a business loan application and provide all of the required details and documents, and submit a full loan application package to them, I’m sure they will call you back to discuss your intentions of getting a loan.

., where it was previously headquartered.High-pressure sales tactics were used to secure money for what were promised to be “low risk” and “conservative” investments, but in reality the funds were funneled to real estate owned by Shapiro, according to the U.S. attorney’s office.Woodbridge eventually became financially insolvent, the scheme began to unravel, and Shapiro in 2017 considering filing for bankruptcy, prosecutors said.Still, he, Roseman and Acevedo continued to sell the fraudulent investments without telling investors Woodbridge was on the verge of collapse, according to the indictment.

However you obviously still have some costs associated with securing the property.

I've only analyzed a few packages thus far and would like some feedback from those with experience.