Chet Mazur
Trust deed (TD) in CA limits amount secured
I came across something odd I haven't seen before when researching a property in pre-foreclosure.Due to having been in and out of default for A LONG time the note face value was 501K, but the UPB is~1.7M. When I revi...
Eli Kallison
Funds vs. Buy and Hold
Hey BP,After doing significant research and thinking through my goals (PASSIVE cash flow= primary, capital growth= secondary), I'm starting to think investing in funds & syndicated deals makes more sense than buyi...
Zachary Leyva
Rent by room move in fee
How much should I charge to move In on a shared 2bd 2ba condo that I’m charging $800 a month for?
Miguelito Fernandez
Categorizing Items in Closing Documents
I recently bought a multifamily building and have to account for all the items in the closing documents on my accounting software.Loan Origination Fee =Appraisal Fee =Suits, lean, judgment search =Loan doc prep fee =...
Bryan Mills
new landlord/"new property" low rents and no security deposit
New investor here "closed today" on a duplex...YAY!!! I want to make sure I am taking the correct steps. Current tenants have low rents and seller did not require a security deposit. To cover my butt I realize I need...
Shane Moss
Security Deposit & Pet Deposit - Can one supplement the other?
Scenario 1: The wood floors need to be refinished because dog urine has ruined them and the pet deposit doesn't completely cover the damage. Can part of the security deposit be used to cover the rest?
Scenario 2: ...
John Irja
Question about "rent owed" in Summary and Complaint form
I am handling my first eviction as a landlord. I got a question about the amount I should put as "rent owed" in the Summary and Complaint form. The tenant signed a one-year lease. At signing of the lease, I got first ...
Syed Firoz
Security Deposit for Evicted tenant
My tenant could not able to pay rent for last 3 months and i had to file eviction on him and received go ahead from Judge to evict him next week. Lease expiration date is end of 2019. Total past due is around 7k. SD i...
Account Closed
1st + last month + security deposit too much for a $2.1k/m rental
Hey BPers,I have a rental I want to price at $2.1k/m.My question is: Can the average renter really come up with $6.3k up front to put down?Maybe it's better to do 1st month up front + like a $3k security deposit inste...
Account Closed
First, Last Security Renewal
Hey everyone,
Just wanted to see how everyone else does this. If I have a rental just say 1000 a month, around figure with first, last and security upfront which is 3000. Rent goes up 25 a month. So would ten...