This is THE go-to event for Moore County investors to converge, discuss local opportunities, share deals, and forge successful partnerships.

Too much risk and sets bad boundaries for tenants.Many use Venmo, Zelle or just have tenants deposit at their bank (local branch).There are also several free DIY PM softwares that have rent payment built in, but they charge the tenants a fee to do so (that's how the companies make money).

Whether you're a seasoned investor, a curious learner, or a multi-family development expert, I'm excited to engage in thoughtful discussions and expand my understanding of this dynamic field.I look forward to contributing to and growing with this community.

But remember, there are more costs like closing fees (2-5% of the property price), money for renovations (depends on the property's condition), and holding costs (covering a couple of months' expenses during renovations and finding tenants).

There will be punishing late fees and probably a default interest rate.

You probably won't, but it's good to have a discussion as it could answer questions that you hadn't considered. 

@Marvin Bertin Would recommend reaching out to @Duc Ong to discuss.

It's the same work to do a $50K loan as a $500K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.

Are DST fees included in 5.25 estimate I read some as high as 20% fees?

I like to use Rentspree, they just recently increased their application screening fee to $39.99.