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Updated over 5 years ago,
Would You buy a property W/Low Income Housing Tax Credits (LIHTC)
I have come across some large multi-family deals that have section 42 (LIHTC) units. I have read some of the threads on this topic on here and it seems the general consensus is that a syndication group should NOT deal with these properties without including somebody who; either has done deals with tax credits or bringing a team (lenders, attorney, cpa…) that specializes in tax credit deals on board. Have also read some lenders will not lend to people on these properties who have not done these deals. Is there a way, to either teach yourself through books, podcasts or blogs how to correctly handle these properties or are there people in the Bigger Pockets community that would be willing to help mentor me on this topic? These tax credit properties seem like they are a lot of work but seem like they can be very fruitful. Would love to learn from some of you successful investors.
Thank you!