Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
Investor A has a fix and flip property and looks for private money to fund. Investor A is offering a 15% interest-only loan to Investor B.Investor B has private money to lend Investor A. Investor B lends money and exp...
Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but ...
I've got a triplex under-contract that is going at a 10-cap. Purchase price is $240K.
What would you guys recommend?
I would love it if someone here actually has funded experience with this.
Than...
Hello BPers,2021 has been an amazing learning year for me. Started out in Jan got my first property in Mar and end of the year, I have close to 20 properties under 4 different LLCs :-) I moved to FL recently and it al...
How are people holding security deposits in NC? I purchased my first investment property in NC (previously properties were in California). My understanding is that the security deposit needs to be in a trust account w...
Hello all,
I'm looking to buy SFR's in Southern California and lease them to assisted living operators. I just want to be a landlord--don't want to be a caregiver.
Do these sorts of deals actually happen in practice...
Hello BP:
I am in the process of trying to streamline my book keeping process from my real estate investments. Thankfully my real estate investments have prospered over the past few years. I currently have 25 units a...
Hi I am new to apartments. I presently have a 90 unit under LOI. The financial data I received from the seller shows the incoming security deposits as income and the outgoing security refunds as expenses. is this typi...
Hello everyone,For someone who starting his REI journey I would like to hear from other what are the common securities you are requesting from new tenants upon signing on a lease?Do you request first and last month re...