Bigger pockets - I’m building a spec home and funding w heloc. The home will be finished it February and exploring doing a cash out refi and renting the new build out, if market isn’t favorable. Where can I find a g...
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Hello BP,When is a Home Equity Loan better than a HELOC?My understanding that a Home Equity Loan is simple and straight forward. I’m not familiar with typical LTV’s or processing fees attached.A HELOC sounds like a be...
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I recently joined a custom builder company to work on digital strategy and found myself wanting to try and speak with real estate investors directly but am a bit unsure on how I would approach them with a single asset...
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Is a security deposit regarded as income for bookkeeping purposes? I'm using Excel spreadsheets for now to do my bookkeeping. How do I account for the security deposit without inflating the cashflow? How do I account ...
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Since I get these questions a lot - I thought going out to the BP community to see what they think might be educational.As a private lender, I've discovered the term is very ambiguous and vague to borrowers. There are...
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Hello everyone, I have a 2 family home that I rent and in the one unit a family friend lives there.They moved in with no security deposit and keep making up excuses after excuses it’s been 5 years now still no SD. The...
Hi I bought a SFR with a tenant in New Jersey. There is a lease until Feb 2016. What do I need provide the tenant to tell them of the change in ownership, lease transfer and security deposit transfer.
Thank you
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Renter signed the lease and paid security deposit. They don't want to move in. He told me 2 weeks after signing the contract. I lost quite a few potential renters who expressed interest in the property. Can I charge h...
Hello I am an active reader but this is my first post. So I currently own 4 rentals, looking to continue purchasing them. I have also had success with 2 flips recently. I am looking to continue to do flips and purchas...
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I recently purchased a property that had tenants in their. I'm wondering how do you handle clean up costs and damages from a tenant. Example. The screen door was broken and they did not clean the kitchen, carpets, etc...