Carl Cheung
Private lending security question
Hi, I was approached by a friend with an opportunity to invest. His plan is to get a loan from me (promissory note) and then use the loan as the down payment from the bank. After talking to an attorney, he explained f...
Account Closed
Confused about securing funding
Here's my question: If I am investing in a rental property with good numbers (based on math from reading posts about being a landlord using the 50% rule, ect), what is the difference between securing a good property ...
Mark Paes
Security Deposits for repairs?
There is probably an obvious answer to this question so I apologize, in advance, if I'm missing it.
When one buys an apartment building and the current tenants' security deposits are transfered to you as the new own...
Warren Lance Barber
Security Dep - Repair Timeframe
I can't find a clear answer to this. I am in NC. I have 30 days to return my tenant's security deposit or itemized list of deductions. In this case, I won't be returning any due to damaged hardwood floors. I have ...
Mary Clark
Refunding a security deposit
I live in Texas and I had a tenant move out 4 months before the lease ended. Now they want their security deposit refunded before they sign a promissory note for the last 4 months of rent. Can I legally keep the dep...
Matthew B.
Tenant Wants Security System
I have a good tenant who asked me if he could have a security system installed. How should I handle this? I'm assuming I'll need to get the alarm code and the monitoring company must be aware I'm the owner.
Jeff Shane
Transfer of Security Deposits
I am looking at structuring a deal for an apartment complex and wanted to ask this question:When and how are the deposits transferred to the new owner? Is this done by the seller in cash at closing? Please advise. T...
Carmen Pellegrino
Home Rehab Security Question
My wife and I are about to close in a SFH in an "OK" area but I do have security question. As we do some remodel work I am concerned about leaving the house unoccupied for days at a time and don't want people breaking...
Matt Corrado
Unique Security Deposit Situation
Scenario:I closed on a duplex Mid-December and the Seller has stayed in a unit until March 1st. This was planned as his new place wasn’t going to be ready until Spring and it helped me not have a vacancy right away. ...
Account Closed
Secured and Unsecured Credit
What is the difference between secured and unsecured credit? Any advice, please.