For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.

I work with New Western in Pittsburgh, and it's always cool to hear investors/agent success stories!

Take a policy loan against the cash value (5-6% current loan rates) in advance of the auction so cash is on-hand, purchase real estate, execute business plan on home, repay policy loan, and repeat. 

Conduct off-market research: Targeting motivated sellers is the pillar of being a successful investor.

Purchase price: $200,000 Cash invested: $30,000 Sale price: $333,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Tracy McQuire, successfully completed a fix-and-flip on Sandspring Dr, Atlanta, GA 30331.

Even if it is not a requirement to have a high credit score for approval most asset-based lenders will use the credit score to determine your rates and terms based on your risk factor.

Most of the time, they make you decide the pre-payment penalty based on a range of interest rates they offer.

Purchase price: $25,000 Cash invested: $20,000 Sale price: $82,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike & Laurie, successfully completed a fix-and-flip on Peter St, Duquesne, PA.

Purchase price: $300,000 Cash invested: $20,000 Sale price: $465,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Jenner Cir, Modesto, CA.

Hi Ivana,I know a lot of very successful wholesalers throughout NJ.