Brook Burns
Tenant Security Deposit Escrow Account
29 January 2025 | 9 replies
Looking forward to reviewing these options.Here's the PA law: https://clsphila.org/housing/security-deposits-in-pa/Any bank account will work.
Natasha Rooney
Multifamily Properties in Indianapolis
29 January 2025 | 16 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.
Amir Portal
Help whit choosing a neighborhoods for BRRRR strategy
28 January 2025 | 10 replies
Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.
Stacey Wells
Best Ways to Secure Capital for Real Estate & Business Growth?
30 January 2025 | 2 replies
Traditional bank loans can be slow and have strict requirements, while hard money and private lending seem to offer more flexibility.For those who’ve secured funding before, what’s been your experience?
Linda M.
Security deposit increase for NYC lease renewal
17 January 2025 | 3 replies
Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.
Brady Morgan
Securities Based Lending for Low Interest Rate
17 January 2025 | 19 replies
@Brady Bitter First what are you calling "securities"?
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
Local investors can now get additional discounts by moving up the food chain and buying as notes and, on mortgages secured by vacant properties, utilizing the preREO strategy to generate revenue during foreclosure process.
DJ Wilson
Keep Security Deposit for Unpaid Rent in California?
15 January 2025 | 4 replies
Yes, you can deduct the 8 days rent from the security deposit.
Jerry Nogueras
NYC Residents- Which areas outside NYC have you seen the most success for rentals?
27 January 2025 | 6 replies
Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Leon George
New to BP Community
24 January 2025 | 13 replies
.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?