Sean Poggi
Charging Tenants for Pet Deposit?
29 January 2024 | 9 replies
In Oregon, I know you can charge a refundable pet deposit, but curious how this typically goes for Landlords that have done this in the past.What do you typically charge?
Justin Goodin
👋Capital Calls: What Investors Should Do
30 January 2024 | 8 replies
I was discussing on another thread.The typical question: who much are you (the sponsor) investing in this deal?
Matthew Masoud
Selling My Multifamily STR/MTR rental Nightmare
30 January 2024 | 13 replies
There is typically very little that differentiates your STR property from other properties other than the fact you operate the building as an STR.
Sateesh Kumar
Passive losses advantageous for Roth conversion?
29 January 2024 | 8 replies
If you qualify for a Solo401k it has quite a few benefits over the SDIRA like the participant loan option and no UDFI on leveraged real estate for a couple examples.
Jeremy Porter
Essential Records Tenants Commonly Request from Property Managers
29 January 2024 | 0 replies
This proactive approach fosters open communication and promotes a sense of community within the property.Tenant Handbook or Welcome Packet:Property managers typically provide tenants with a comprehensive tenant handbook or welcome packet containing important information about the property, including emergency procedures and contact details.
Nik Frid
My friend is wondering if he can use a personal loan to cover an EMD.
29 January 2024 | 8 replies
I would suggest seeing if he can borrow from a friend, family, or even use CC cash back for example AS LONG as he makes sure that he's secure in his deal and not going to lose the $!!
Rahma Z.
DSCR lender on larger multifamily property
29 January 2024 | 2 replies
Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
Richard Arakelian
Money Pit, what to do?
30 January 2024 | 13 replies
For example, if it needs $75k worth of work and the ARV is $100k, then basically you would need to give it away for free to an investor.
Hunter Jordan
Tenant broke lease
29 January 2024 | 10 replies
You can typically hold the tenant responsible until a replacement tenant is found not the end of the lease unless of course you have a termination clause which would apply.
Scott McLaughlin
Type of bank account to use when starting out
29 January 2024 | 2 replies
Typically, you'll form an LLC, obtain an EIN, deposit the funds you intend to use for the down payment into this account, and use these funds to make the purchase.