Updated over 7 years ago on . Most recent reply
Security Deposit Transfer
Hey all I️ have been reading these forums for a while. Really amazing info.
I️ am buying two rentals from another investor and he collected a security deposit three years ago when the tenant moved in. I am buying the house from him and will be transferring the section 8 income into my LLC. My question is what is the procedure for the security deposit? Should the current owner transfer the money over to me? Any advice on this would be appreciated. Thank you