28 June 2025 | 8 replies
You can screen tenants through their site, create lease agreements, have them signed and stored here, as well as collect rent through ACH with no fee to you or the tenant if it is deposited into your Baselane banking account.
27 June 2025 | 10 replies
Hiring an attorney to take a look at the drafted documents from the lender and the seller will actually cost less in many cases then the percentages charged by a real estate agent, and could save you significant heart ache in the long term.
26 June 2025 | 27 replies
Quote from @Bob Avery: I know this is contrary to a lot of the opinions on this forum, but if you consider the common case outcome rather than the best case outcome, you would probably be more successful in real estate if you choose engineering/medicine/law/business as a profession and real estate as a hobby (with tons of disposable income to dump into down payments and banks willing to lend you money) than you would be if you choose real estate agent / property manager as a profession.Totally agree!
24 June 2025 | 10 replies
I can do bathrooms for $1500 (upgrade, not replace all), new floor, vanity, medicine cabinet, paint.
20 June 2025 | 9 replies
Being remote there are so many delays and unknowns where it's not worth the head ache.
20 June 2025 | 8 replies
You want to ensure you get a lender's title insurance policy, ensure that the borrowers set up automatic payment/ACH draft, ensure they obtain the best insurance for the deal (i.e. if it is under renovation, ensuring their policy covers key things while the home is under construction & vacant, there are more endorsements you can get outside of a normal rent ready policy), ensure you are listed as an additionally insured on their policy, ensure they send proof of insurance + utility payments, and more...4.
10 June 2025 | 6 replies
I would just say that the part of your brain that does medicine is different than the part that does REI.
6 June 2025 | 27 replies
The ACH collection feature has been a game-changer.
12 June 2025 | 28 replies
We have implemented credit and debit cards so tenants can pay with ACH (bank accounts) and credit/debit cards.
10 June 2025 | 7 replies
The entire loan balance is wiped in a Ch 7.