Griffin Pratt
ARM loan smart for investment prop in todays economic climate?
29 December 2022 | 6 replies
These properties do NOT count towards your 10 slots either.At the end of the day, these loans are not typically meant to be stayed in long term.
Mark Douglas
When to use hard money for down payment source?
11 August 2016 | 13 replies
Even if you somehow got $80k deposited into your checking account before closing, a conventional lender is going to ask to see where it came from.
Jacob Northfield
Unexpected repairs after FHA appraisal
29 December 2022 | 10 replies
I have a 4k earnest deposit, then the costs of the inspections and appraisals, as well as about $800 remaining for the downpayment, so I don't have too much into the deal cash wise, but I would rather not lose my deposit.
Jim Clendenin
My tenant has new cat that's not in the lease
29 December 2022 | 5 replies
If you don't mind the cat, but need another pet deposit, then ask for that.
Corey Valin
EMD loan protection paperwork
29 December 2022 | 4 replies
IF someone doesn't even have the money for an earnest money deposit then they are not likely to be able to pull off the deal.
Rachel Orvis
Informing tenants of new ownership
14 December 2022 | 7 replies
Beginning with rent for the month of September, please pay your rent by depositing the entire amount into the following bank account at (your bank): account #123456; routing # 123456.
Angela Persico
Renting apartment for business housing?
30 December 2022 | 2 replies
Then I require a double deposit, plus an additional fee to cover a mandatory, professional cleaning after departure.
Alf Holst
Picking the most qualified tenant out of 2
26 April 2019 | 9 replies
If they opt not to accept the property by declining to timely give you a non-refundable reservation fee or actually sign the lease with a full security deposit and first month's rent THEN AND ONLY THEN should you process the next applicant.You should not process multiple people and select one subjectively; you're asking for trouble with fair housing when someone claims they were discriminated against.Offer the property to the first one that applies that meets your written standards for qualification.
Stephen Homes
get out of a 1 year lease
31 December 2022 | 8 replies
As mentioned read your lease carefully.My lease states tenant is responsible for duration of lease or until It is rerented and they lose their deposit.
Cole Steele
LLC, Personal Corp., or what?
31 December 2022 | 5 replies
I just read chapter 16 (getting ready to close) in "The Book on Rental Property Investing" and it talks about keeping a checking account for rent and a savings for security deposits.