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From what I've read, a lot of people are putting $10 down on purchase contracts. If I call landlords though to buy via a lease option, they will of course be wanting 1st month's rent, last month's, a security deposit...
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My new tenants want to pay a full year of rent upfront. Their reasoning is, they are selling their house to move cities for a new job so will be getting cash from that sale and they want to pay upfront so they can wor...
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Listening to the Audio book of The Book on Managing Rental Properties. There were a couple of times I ended up a landlord by default in the past. The 1st red flag question he went over made me laugh. (It's funny now) ...
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Hello BP community!
While helping someone find a tenant for their property I encountered a dilemma. A prospect tenant offered to pay 2 months rent deposit plus 12 months of rent upfront due to the fact that I was un...
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Hi All,I am currently working with a mortgage broker and they advertise that they complete the underwriting process up front versus doing it on the back end of the mortgage. They are pitching that this methodology mak...
I have an offer on the table for a private money loan of $310k to finance the purchase of two properties. The lender wants half of the fees up front ($6k) as a wire transfer. Is that normal? I've never done private mo...
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Question for the landlords and property managers out there. If a tenant offered to pay all 12 months of rent upfront on a 12 month lease. 1) Would you take it?2) Would you offer a discount for this upfront payment? If...
OK, so say I get an FHA 203K streamlined or Home Path Renovation Loan with seller's assistance for closing costs. Am I missing any potential upfront costs that I need cash for? And are there are any other must ha...
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I am a local contractor in the Houston area and im starting to run into a very bothersome problem. I sometimes sub out certain trades to do work for me and they always ask for money upfront. I dont ask for money upfro...