I'm in NYC- tenant says its his choice to use Rhino as a security deposit replacement. He has already used 2 months security for rent and Im against using Rhino, would rather have a cash security deposit. Im having ...
Hello BiggerPockets,
I'd like to open a discussion on an unconventional approach to real estate investment: utilizing unsecured term loans instead of the traditional route of mortgages. This strategy might sound unor...
Hello,
As a new investor (in California), what questions should I ask the escrow officer when I'm trying to select a company for my deals (foreclosures, subject-tos, double-escrows, etc.)?
Daniel
Does everyone require prospective tenants have 3x the rent in monthly income / rent is no more than 30% of their monthly income? What is minimum credit score you look for in a B- neighborhood? For people with lower th...
I am currently investing in CA and live in Texas and would like to start investing in OH. My issue is that my debt to income is too high to secure another conventional loan. I have a friend that will invest with me bu...
Hello BP,
I have recently started my first house hack in a triplex in central Kentucky. Cold called roughly 85 landlords in my surrounding area to find my own off market deal where I could live for free to start off...
I've posted a few articles below which outline the new and most restrictive ("progressive") rental laws in the country, which limit the size of security deposits, non-refundable deposits, and requires giving tenants a...
I need some advice from BP.Situation: I have opportunity to purchase an investment property - around 320K with equity of about 100k. I have two options;(1) refinance and take out cash against another house with abou...
Hello BiggerPockets Community,
I trust this message finds you well.As I take the exciting leap into my first real estate investment, I am navigating the intricacies of options of funding.
What financing strategies h...
My buddy just obtained his broker's license. He has flipped a couple of properties. He asked if I wanted to invest. I asked what was required. He said it depends on how much work I put in & how much capital I ...