Julia Amelyan
Tenants depositing rent into your account
How does it work to have tenants deposit directly into your bank account? There is a new law that they have to show ID and SSN? Most of our tenants are Hispanic and do not have ID or SSN. Is there a way to get around ...
Cooper B.
Clarification on Right of Redemption in Alabama
I'm hoping someone can help provide some clarity to me regarding the right of redemption law in Alabama.Say a property is foreclosed and sold back to the bank on the courthouse steps. The bank turns around and sells ...
Paul Zofsak
Employment verification seems fishy, thoughts?
I have a prospective tenant that has provided me a paystub along with her application. Everything seems good on the paystub and when I call the number she provided the person I spoke to verified everything to be ...
Jared DeValk
Are title companies necessary or can you close an RE deal without one?
As a former agent, I never questioned the use of title companies. I understand that they provide title insurance, but what exactly do they do that I can't do myself?
Matt Jones
Do you rent to someone without a job but with money in the bank?
"I'm moving to the area and I have plenty of money in the bank but I have not secured a job yet. Will you rent to me?"I seem to get this question every so often and I was curious what other landlords and property mana...
Jean G.
Is it considered a security if I offer my private lenders a bonus
Hello,I buy and hold properties, and I am trying to find a deal structure by which private money lenders would be interested in providing me long term funds at reasonable rates, as opposed to typical hard money (high ...
Jacquelyn Ceasor
Interested in finding out if any BP members deal with this
Hi All,I have heard about foreign investors, investing in real estate here in the states.Does anyone have any experience with this?Thank you,Jackie
Nathan Rude
Use a car loan for down payment
I have the opportunity to acquire a vehicle at an incredible discount. The purchase price would be 2750 and the retail value would be 8300. A local bank has run the numbers and I can put a car loan on the vehicle for ...
Emily Segal
Guidance on Baltimore Area
Hello, Everyone!
I'm new to the BP community and looking to start investing in rental properties and eventually make my way up to commercial real estate. Ideally, I would like to get to the point where I can be invol...
Naveen Desai
buying investment property directly from seller. Paperwork to get and other details please.
Hello,
I am planning to buy a property directly from the seller.
He says he will record the deed at the county office for me
on the same day of closing the deal. What are all the paperwork I have to get on buyin...