Amy Nguyen
Security deposit after purchase
I just purchased my first property which is a duplex. One side is vacant and the other side has a section 8 tenant. I have 2 issues, the security deposit and the rent payment for this month.1. I asked the listing agen...
Fletcher Clardy
Buying and Selling Notes
I would like to discuss the current market and predictions for post Covid-19 regarding notes.
Do you feel we will have more notes available in the market? Or will the government provide enough assistance to banks al...
Bjorn Ahlblad
First and Last Month's Rent + Security Deposit Prior to Move-In?
I am surprised at how many LL seemingly do not collect First, Last and security deposit at move in. I thought everybody did? Security Deposit for us is equal to one month's rent. What's y'alls practice on this?Thanks ...
Peyton Bailey
Multiple Lenders to Fund a Deal
Hello everyone! My name is Peyton and I'm getting ready to flip my first home. I recently got approved for a loan that was 70% LTV and will also cover the rehab costs. However, I don't have enough cash reserves to cov...
Yaicha Bryan
question about owner-occupied financing for a MFR
We bought our first SFR in May and are now doing a house hack - renting out the basement. We have an owner occupied mortgage on the property, and from my understanding, we have live in the property for one year before...
Kiersten Vogt
Inheriting Tenants | What happens with the security deposit
Hello all!I've already learned a valuable lesson in investing in small mutlfiamilies - including what happens to the security deposits in the initial offer.We close on a duplex next week and I was under the impression...
Alan Bosca
Tenant signs lease but doesn't pay first month & security?
Hi -What is the best way to avoid the situation of having a signed lease and no payment before move in? Don't want to be stuck with a stall for weeks then non-payment.Does the act of signing make it a valid lease or ...
Makhwarand Khan
Questions on Collecting Rent in Massachusetts
Hello everybody,
I'm looking at real estate investing here in Massachusetts and I have questions for the rent payment and move-in costs. Is it legal to request a Deposit to Hold in Massachusetts? How do you collect t...
Tom T.
End Game Strategy
Hi all,Here is the scenario.61 years old. Will soon look at retiring. Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280. Purchased in 2...
August Faustino
Tenant ran into water supply main for building
Hi All,We got an email this morning from a tenant who ran into the water supply main for the building with his car last night. Water is off on the building now and we have called a plumber and arranged for it to be f...