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As a landlord when I have new tenants, I have been careful about receiving a security deposit as a separate form of payment from any rent and depositing the security deposit in a separate holding/escrow account. Now ...
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I just went through 4 USREEB properties listed for sale in my area and was extremely disappointed. All 4 were dirty, outdated, and way over market value for the area. They market them as turn key but i would like to s...
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Hi all,
In what form do you accept a buyer's earnest money deposit? I've heard of some investors who only accept a cashier's check and others who will take a money order for EM.
If you are in the cashier's-check-on...
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Does all move in money, 1st last and deposit need to be guaranteed money such as cashiers check or money order? Also when said prospective tenant should earn 3 x the monthly rent is that gross monthly or net? Thank you!
When you accept cashier's check do you allow buyer to move into the property before you cash it? Or do you cash it first and then allow them? Do I need a clause to not allow buyer to move into the property until I've ...
I recently moved to LA because of my job, I flipped a condo in another state now looking to do here in LA. though first I want to buy for my self. I have a question, when buying at the court house whose name should I ...
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A potential tenant applied to stay in my boarding house. He said he works in GA and NY. He wants to open another branch in Cleveland and wants to rent one of my rooms. I assume that he travels and doesn't care to pay...
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Hi Everyone. I am looking to purchase my first investment property at a foreclosure auction next week. I understand that in order to purchase, you must pay for the entire amount of your winning bid with cashiers che...
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Ive heard that foreclosed homes and auctions are a fantastic way to obtain great deals however I was under the impression you would need all cash for these. Is this correct? or do they accept financing?
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Looking for information on making a bid on courthouse steps. If you win the auction, are you expected to have payment ready at that time? Or do they expect some sort of earnest money deposit in the form of certified ...