Sokun So
Payment Options 50% or 100% at time of booking
I'm going through my Lodgify payment settings and was wondering if anyone had thoughts on whether or not having a partial payment at time of booking or charging for the full booking made any difference? My VRBO does 2...
Mark Forest
Tenant wants to pay full year?
I have had this come up before. I just received a call from a prospective tenant wanting to see one of my SFH who said she would pay the entire year in advance. I hate to sound cynical, but now I am wondering what k...
John D.
Prospect seemed a bit odd, but wants to pay cash in full up front
A prospect called me the other day inquiring about an apartment I have for rent and I got a strange feeling, but maybe it was just his personality...anyway, he said his boss wants him to move closer to work and wan...
Jack Slattery
Lowering the rent
I have a rental that I purchased for $58,000. It brings in $750 monthly with PITI of $375 leaving a cash flow of $375. The tenant pays rent six months in advance and will have completed a year with me in June.
...
Tyler Speelman
Seller wants to avoid capital gains taxes
Hey Everyone,
I have a seller who wants to sell because they are worried about potential higher capital gains taxes after the 1st of the year. I mentioned seller financing and the seller said that he would not want ...
Walter Shkolnik
Would you borrow at 0%?
For those of you that deal with property values of $100,000 or less and have good credit, this can be a really good deal.
Recently, I spoke to an investor out of Texas that financed 100% flip with 0% APR credit card...
Joe M.
Do you discount if tenant offers to pay rent in advance?
I had an applicant for one of my vacant properties ask me what sort of discount I could offer if he paid a full years worth of rent in advance.
I told him I had never been asked that before so I wasn't sure.
The ren...
Jesse Ritter
How to Use Credit Cards to Fund Real Estate Business
Hello Everyone,I recently formed a real estate LLC as a 50/50 partnership. We are looking to have credit cards as an option to:1) Fund an entire Flip2) Pay for materials for a FlipQuestions:1) Should we apply for card...
Ken Latchers
Accepting Credit Cards for rent
I have been considering credit cards as a payment option.
My BIG hesitation, is a tenant who pays, and then within 60 days "disputes" the charge to try and get out of paying the rent. This is a big problem for some ...
Mike Bayer
Understanding Payment Terms
I'm a bit confused on how a short term loan for a fix and flip works as far as the payments go. For example if there was a 100k loan with 9% interest, what type of terms do companies typically offer. I'm wondering h...