Emma Powlin
House hacking and competing against cash offers
Hello!I'm a newbie investor/ first time home buyer and I put my first offer on a duplex yesterday located in Rochester, NY! Purchase price was $200K; my offer was $200K with an escalator up to $210K and 3.5% down FHA ...
Mary M.
Problems with Exisiting Tenants?
Hi All,I have just find out that my offer is accepted for a multi family home. This triplex home is fully occupied with tenants. The leases are month to month and 2 of the tenants seems to be long term tenants (10 yea...
Freeman Schultz
Question about increase for a security deposit
I have been looking at investment properties and learning a lot about investing but I am a little confused about who pays for the increases in the safety deposit.In a lease renewal, the rent will usually increase and ...
Delmas Edwards
Investment property
Whats a ideal dollar purchase to pay for an investment property to rehab and rent out? Whats the Min-High?
Bela C.
Security Deposit refund
FLORIDA (FL).My tenant has cashed his security deposit refund less deductions and now wants to sue me. Can he sue me for the entire amount of the initial deposit or only the difference?
Naveen Desai
Non interest bearing accounts to hold Deposits?
Hi, Anybody has any recommendation of any financial institution accounts that are non-interest bearing deposits, to hold the tenants deposit amounts? The few institutions I reached out does not have what I need. T...
Howard C
Is Earnest Money Tax Deductible on the year that it is paid?
Is the earnest money tax deductible on the year that it is paid even though closing doesn't happen until the following year?For example, a 10% earnest money deposit was paid in 2019 but the house doesn't close until e...
Darvin Ezell
Question about Earnest Deposits?
I am new to this business and I am just trying to get pointed in the right direction. I have done alot o studying and research on all other questions. I have a question about earnest deposits. Once I put the property ...
Jon S.
Lease renewals
When renewing a 12 month lease with an existing tenant, who already has a deposit, does the lease language change regarding the deposit? Or does the language remain the same as is it assumed that the prior deposit is ...
Cheri Schaffer
Additional Deposits
Hey guys! I have to sign another lease with my current landlord and was curious what an additional deposit would be for? It reads like this:First Month's Rent $750Current Deposit: $725 On AccountAdditional...