Account Closed
How can I finance this billboard property with commercial space?
So, I found the opportunity to buy or rent a small patch of land on PCH in Huntington Beach that includes a billboard.After doing some research, there's no way that the ad revenue the billboard would bring in wouldn't...
David Andrews
Due on sale clause question when quit claim to LLC?
I am thinking about transferring my rental property in UT to my LLC. The credit union's (PFCU) Note and Deed have the following clauses:Note:If all or any part of the Property or any Interest in the Property is sold o...
Emanuel Ohunwu
Investing security deposits in the stock market.
Has anyone ever considered placing security deposits in the stock market? I'm talking about dividend paying stocks such as Google, Apple or Microsoft. It's an idea I've been playing with. My rental property is in Fort...
Kyle Bethune
I need advice. Help!
This is completely out of character for me to discuss, but I am growing more and more anxious and confused. Let me start of with a basic background for myself. I just turned 30 years old. We started slowly REI about ...
Wesley W.
Mitigating risk with applicant whom receives income through tips
Hi guys,So, how are you folks vetting the in come of applicants that earn cash income (such as wait staff). Back in the "equitable days" of NYS law, I would have just collected an additional security deposit and/or l...
Andrew McManamon
Investing in Bitcoins
Hello BP,
I’ve seen numerous investors preach to invest in bitcoin. I thought I’d ask the BP community on whether or not it would be a good idea to do so. Some people say it’ll be a “trend” that’ll end, others say the...
Lydia Woods
Detroit buy and hold
Hey Ladies and Gentlemen’s, I live in Louisiana but I’m thinking about buying some property in Detroit. I notice they have a lot property on the low end ($3,000- $10,000) and some are bundle deals. They are in low inc...
Vasudev Kirs
Question about security deposit and business account
My tenant will be transferring security deposit into my business account. Are there any restrictions on whether I can use it for other expenses or should they stay in that account? Below are the laws from my state re...
Benjamin Allen
Inherited Tenants paying the Security Deposit
Hi BP, I closed on a duplex this past late June, I think I hit a home run, however I inherited two tenants as I have done basically for all my properties I have obtained in less than 2 years. One of these units needed...
Syman Scarpellino
Investing Deposits? Risk/Reward?
Hey BP Community, My rental portfolio is steadily growing (still pretty smalltime), I am up to about $20,000 in tenant deposits. Thus far the money just sits in an account, as its not my "free and clear" money.What do...