Jihyeon Park
Canceled Application fee refund
My landlord choose me as a tenant and changed her mind in last minute. She even didn't let me know her change of her mind until I texted her as no one was contacting me. I didn't sign a lease, but I have her text that...
Wesley W.
LLCs to hold out-of-state RE
Hello all,Is it permissible to form an LLC is one state, but then use that entity to hold RE in another state?The reason I ask is I have some LLCs in my home state that currently do not hold any assets, but I am looki...
Yengkong Sayaovong
Private Money and Hard Money Lenders
I already have 2 homes. A single and a duplex. I bought the single home with a traditional mortgage at the time because I didn't know about PML and HML yet. The duplex I paid for in cash.I'm looking to purchase anothe...
Renee Edmondson
Hard money lender scam?
Hey all! So I’m trying to close on my first fix and flip property. After weeks of getting the run around from a previous lender, my title company and myself decided I needed to seek lending elsewhere. I had posted on ...
Parag D.
How to market a new home rental?
Hi folks - I am new to real estate investment. I am building a new home in a new subdivision. The home will be ready for occupancy by August 1st. What are the ways to market the home so that I can get a renter by Augu...
Account Closed
HOW TO CHECK OUT HARD $$ LENDERS
MOST LENDERS REQUIRE OR CHARGE A "LOAN ORIGINATION" FEE. THEY USUALLY WANT THE FEE SENT DIRECTLY TO THEM W/O USING A TITLE COMPANY FOR ESCROW. WHAT IS THE BEST WAY TO CHECK THE BACKGROUND OF A PROSPECTIVE LENDER?
Scott J.
How to Handle Consistent, Yet Profitable, Late Payments?
I have a tenant that takes immaculate care of my property. They are a good family that fell on hard times in the recession. They have great long-term rental history as well.
Unfortunately, they have been late...
Kevin Galus
Security Deposits
How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
Account Closed
Should I pay the taxes owed to buy a house - $14000
I have an opportunity to buy a house, but the current owner owes $14,000 on the house. I could probably buy the house for $40,000 to $50,000 (not including the taxes) and the place probably needs about $20,000 - $30,0...
Ran Iarovich
What are the closing costs that buyers and sellers pay. Is it different per state?
I was wondering if you had any input as to the closing costs that you typically conduct deals with and charge buyers and sellers.Is it different based on the state that you operate in?