Troy Welch
Legal Advice-1st Position Lender, Borrower Filed Ch 11 Bankruptcy
I have invested a large sum of money with a company (individual with
LLC) who has filed chapter 11 bankruptcy. I am the 1st position. I was
prepaid 1st 6 months of interest. 8 months have passed and no
additio...
Dave K.
accepting rent in multifamily
How are you structuring your bank accounts to accept rent, to know who paid, if you have an automated/online system?I have a 4 unit, that i have turned over from section 8/low income, to student housing. I have te...
David Mussaw
Did I use leverage properly to acquire a graduate degree?
I did not use leverage (student loans) to earn my bachelor degree in accounting, but I did for my master degree in public administration. I took out a student loan for 50K at 8%. My monthly payments are $250 per month...
Calvin Brock
Cincinnati's Renter's Choice Law
What do landlords think of this new law?https://www.multifamilyexecutive.com/property-management/cincinnati-legislation-gives-renters-a-choice-in-security-deposits_o
Lumi Ispas
Can a Security Deposit Be Used For Unpaid Rent in Chicago?
Hello Chicago Landlords, I just read this today! This is great to know, as most of attorneys have always told me that the security deposit cannot be used towards the last month rent, even when the tenant did not pay h...
Thanh Lu
How to screen guests who book directly instead of Airbnb, VRBO, etc
Looking for guidance about setting up direct bookings for guests outside of platforms like Airbnb, VRBO for both guests and myself as the host to avoid the fees. How do you go about vetting inquiries to ensure it’s t...
Jason Miller
Borrowed Funds for Down Payment...
There seem to be hundreds of creative ways to get into an investment property, but I have a question for lenders about using mostly borrowed money for the down payment. Is this really possible? Let's say I've only g...
Tyler McLeod
Getting Started Financing with No Credit
First of all, I'm 21 years old in Birmingham, AL, about to graduate college, and I have no debt. I also don't have any credit built yet. How can I start? I've heard of people "piggy-backing" off their parents' credit ...
David Andrews
Due on sale clause question when quit claim to LLC?
I am thinking about transferring my rental property in UT to my LLC. The credit union's (PFCU) Note and Deed have the following clauses:Note:If all or any part of the Property or any Interest in the Property is sold o...
Lee Schaeffer
Using Secured Notes against the equity in your real estate to purchase more real estate1
I have been a big fan of avoiding institutional lenders and their fees and requests for detailed information that I want to keep private. If you have any equity in real estate you can create a Secured Note against tha...