Misty White
ACH Return Fee+ Late Fee in NC?
Hello, my tenant paid his rent on the 4th. He has a 5 day grace period before he is charged late fee. On the Rent Redi app, it states a ACH Return has been posted due to insufficient funds. As a landlord, do I charge ...
James Hamling
0% Risk for R.E. Collapse '22'/'23' - Prove Me Wrong
Lot's of posts about all kinds or fear, warnings, terror this and that of R.E. collapse/crash being eminent, any moment, about to happen etc. AND how it's going to wipe us all out.I and many have replied and written a...
Susan Moscaritolo
Really unclear on the nuances of refinancing - can someone walk me through?
Hi - first time investor, naturally. I have a property that I want to refinance from a hard money loan to a longer loan. Here's my questions: - why is it that the hard money loan, on which I paid interest-only, is now...
Devin E.
Returning receipts with deposit
Hello all,
I am returning a tenants deposit minus all repairs and I wanted to know if it is standard practice to send the tenant copies of receipts for all work done with the itemized statement? FYI; I'm located in C...
Jonathan Craig
2nd house vs. investment property
I've been looking at a 2nd investment property finance options here recently and some of answers I've gotten have made me feel uneasy. At least two different loan officers have told me to file my application for a 2n...
Tim Bergstrom
General Industry "Standard" Renovation Inspections
Hey BP,I'm posting this simply to start a discussion about what should be expected when doing a rehab/renovation regarding inspections. I know different cities and different states have different "standard practices" ...
Account Closed
Holding forever vs. selling
Hi guys, whats everyone's take on owning and holding property debt free vs calculating ROR/ IRR etc. and selling when you think returns are highest. I'm not asking about leveraging property vs. paying cash. I'm talkin...
Andrew Brewer
appliances not specified in purchase agreement
Hi Everyone, I recently purchased a SFH in Kansas City. When I inspected the property a dishwasher, washing machine, wash and dryer were all present. When I took possession of the property these were gone. There is no...
Bofan Xu
Property Manager paying my property tax
Everything when it is time to pay for property tax, my property manager would pay the property tax for me using money from her own account, and then transfer the same amount from the rental property business account t...
Matthew Nelson
Wholesaling: Foreign LLC
I am thinking about how to structure my wholesaling business as I want to do deals virtually, but I want to test certain markets and maybe do one deal in that market befor going all in. Keeping explanations simple for...