When those business relationships get sticky, the personal impact can be exponential.While both of you may want to help this guy with a place to live, I would say do not expose yourself to that level of risk and jeopardize your relationship with your manager for a few months of pre-paid rent.If he has that kind of money (I'm curious to know the source… is it student loan funds?)

She also prepaid her rent for the whole year.

I have also seen it as being the Fannie 30 year fixed PAR rate without any discount.Speaking of interest, all should know points are pre paid interest and equity loans generally are barred from charging points and left to cash funded loans by registered lenders.I totally agree that those who may seek to do financing under any exemption tread carefully as regardless of any exemption to the SAFE Act, you are not exempt from other loan compliance issues, it's not a license to return to the wild west.

Points are prepaid interest.

It looks like he is selling the house by option for a higher price than he is buying the house for and charging the seller "initial investment" to make the spread or to be prepaid for the equity by the seller.

Your $8k closing costs seem low, including your prepaids, verify them.

Their breakdown included the following:BOA fees $1523Third party fees $2728Estimate prepaids and insurance $898Estimated escrow account funds $722After seeing so many homes fly off the market and also not having an offer submitted over others, I may have to be willing to accept less than spectacular offers.

However, last month's rent is not a security deposit, It is prepaid rent.

Prepayment penalty, if prepaid before when?

I'm new to REI and am trying to locate up prepaid legal service that would best fit real estate investment.