Account Closed
1.2 Million
There seems to be too much money left on the table that even for someone extremely allergic to risk, it seems to make some sense also rehabbing and selling the property to a retail buyer. I am looking at securing $1.2...
Joe Bruck
Arm's length transaction clarification
Is buying property from your management company considered a non arm's length transaction?i'm in the process of doing a delayed financing exception and the lender is requesting that the purchase should have been a arm...
Toby Khan
Question regarding property management
Hey guys, My property manager retired to spend more time with his grand kids in another warmer state (he was also investor himself). I found a good PM company who is reputable and so far I had no issues-however they m...
Nathan A. Johnson
Security Deposits
When buying a rental property you inherit the old tenants that have a valid lease. What happens with that tenants Security Deposit? Does the old landlord transfer the money to you? If so, what would that process be li...
Richard Fischer
Easement liability title policy question
EE company buys property, a connected building, for $200,000.
EE company uses 2 private lenders for $100,000 each
Each lender gets the lenders policy from the title company on their “deeds of trust.”
EE transfers th...
Heather Thompson
Investing in 1st Lien Trust Deeds
Hi All,I'm looking to invest some of my money and am about to purchase a few 1st lien out of state trust deeds through a company called Secured Investment Corp. Is there anyone out there that has invested in one of ...
Jonathan B.
Multiple bank accounts on LLCs ? holding structure question
Hi Guys,Currently own multiple properties (Sfr),they are spread out into various LLCs, having couple of properties in each LLC.these LLCs are all owned by and a subsidiary of a 1 holding LLC.Rent is currently flowing ...
Matt Owens
Vacation Rental Damage Deposits
Hey All,Do any of you require damage deposits from guests for booking your vacation rentals?I recently acquired and launched a new property on Airbnb and VRBO that is $500-$600 avg. nightly rate compared to other prop...
Beth Lesage
Waiving a security deposit
I am interviewing several PM companys for my first rental, its long distance. Half of the PM companies do not collect a security deposit. This makes me nervous. Am I overreacting? What is the benefit to a landlord of...
David Chance
Evernest - Williamsburg VA Issue
Does anyone else have experience with Evernest, specifically the Williamsburg VA branch?I'm having an issue with them and wonder if I'm not the only one.
Back story; I was using Evernest to manage a rental for me. T...