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18 August 2015 | 4 replies
I'm off to a good start with these rentals--I ran background checks on my tenants, collected a full month's security deposit, setup online bill pay and have good tenants who are paying on time.
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9 August 2015 | 1 reply
In the agreement, the tenant agrees that the unpaid prorated rent may be used to cover the cost of damages, in addition to the security deposit.Quit And Vacate Early Termination Of Lease.
10 August 2015 | 2 replies
I need else's property for 30 days in return for $50 000.00 to secure a $15 million loan already approved.interested in oknvestinginvesting in wholesale proproperties in California?
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27 February 2017 | 3 replies
Improving the comfort and efficiency of the building is part of the deal.That said, the bigger players in our area are not quite there yet - most still seem to operate under the mode of "unload utilities on tenants" to improve the bottom line.
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10 August 2015 | 3 replies
Ft built in 1983 and the asking price is 135KMonthly Rents: $ 2,475 Annual Rents $ 29,700 Annual Vacancy 4.0% $ (1,188) Annual Expenses 55.3% $ (16,418) New Taxes 1.25% $ (1,682) Annual Mortgage Payments $ (6,338) this is a unit in a condo, the condo complex has tennis courts, swimming pool, community laundry room, and security gate (i'm workign on the comps with a realtor)Does that look like an attractive deal finacially?
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23 August 2015 | 7 replies
I have an LLC with nothing (no credit card, no assets)I understand (generally) that in order to initially get 'business credit' for the LLC one must use their own 'personal credit' to secure a loan.
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11 August 2015 | 6 replies
In such cases, you may not be able to evict but will need to foreclose and that means a judicial foreclosure as you don't have a security agreement with a lease option.
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10 August 2015 | 8 replies
At the closing you should have received any security deposit money and any rent money that was received for the month of August prorated to the 3rd.If you didn't and/or if it wasn't even mentioned throughout the closing process ask your lawyer/title company why this is.
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12 August 2015 | 27 replies
While we can technically get away with the thinking of having less restrictions, requiring more security, making demands such as life insurance being pledged on a key person as a borrower, drill down to the assumptions in commercial that allow greater leeway.A more sophisticated borrower, conducting business with a purpose to make a profit as compared to an unsophisticated borrower attempting to secure personal needs, such as housing.However, never think that "predatory dealing" or "predatory lending" or violations of fair trade, or what is customary for the size and scope of a transaction can be swept under the rug.
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11 August 2015 | 0 replies
I'm sure that affects my ability to secure a loan.