All Forum Posts by: Alfred Harris

@Matt Hurley also to mention, its under a HOME Restriction til 2025. So its 55+ of age that have to-take up 80% of the units. 22% are on tenant based section 8.

@Matt Hurley well I'm in the process of purchasing a low income senior citizen property. Currently listed under LIHTC... so I am looking for ways to pay the loan off quicker or pay down expenses to make the numbers look more attractive for my investors. At the moment it’s running good at 99% occupancy but with expenses and with a low income rent cap its not making much profit or just breaking even. Its going into the negative. So i’m looking for programs or grants to help with those expenses.

I was wondering if anyone knew of any program or grants to help fund low income Properties? All information helps. Thank you in advance

@Brittany R. That's an awesome idea about visiting them. Thank you for the info

I'm thinking of purchasing a low income apartment community. I know it has a number of tenants on section 8 also. I also know the process to obtain and loss the voucher. What I don't know is how the pay out from government works. Is it percentage based? Is it a cap on how much they give? I mean wouldn't a landlord want section 8 tenant every unit, knowing he will get a check on the 1st from the government. Does anyone about property based section 8?

@Guifre Mora thank you for your response. I will definitely soak all this help in.

@Kevin Romines thank you for your response. Very informative and helpful.

@Tyler Gibson I was thinking of the due on clause also...it's real tricky but I know it can be done. Just not sure how lol

Good morning,

I have a question... I'm very new to real estate investing. I'm in the position to buy my company's first investment property. I have talked to a some banks about getting a pre approval. I have great credit and the only mortgage I have is my personal home mortgage. I have a business partner and he of course goes half on most things. With this being our first investment property, I want to purchase the property under the business name. But that's where the problem comes in though. All the banks I talked to did not want to me apply under my company name. Granted I know my personal credit will be looked at as well as my business partner. But i want to put it under my LLC for asset protection purposes.

So I guess the question is, does anyone have any advice on my situation? Is this common with traditional financing? I am looking for the best options for this situation.

Background: $125,000 fully occupied duplex. Both sides bringing in $700 a month.

I have seen a lot about TAD development in Atlanta. I was wondering has anyone used the TAD to invest in a property and if you did, what was the outcome?