All Forum Posts by: Autry Pruitt

Like my grandmother said, you don't own $@# If you have a mortgage.

I have two suggestions. (1) Find an experienced investor and cut her in on the deal. Just make sure they have real experience in YOUR local area and with the property type. Reach out to them and ask for a 10-15 minute conversation and see if they will partner with you for a small slice of the deal. A lot of investors may do this as a part of "good will." (2) Find a certified 203K consultant-flat fee (I think HUD.GOV maintains a list). For big job (repairs in the amount of 100K or more) the fee is going to be (last time I knew) $1,000. This number should at least give you a minimum baseline. In my experience these guys have extreme knowledge and once you are talking to them you will learn a lot and the report they provide will give you a good jump point.

As an aside- I do not understand why people are so rude when answering the questions. This is supposed to be a forum for leaning and growth. Anyway, I hope my ideas help. 

A long time ago, I had success with Housing Choice programs in Atlanta, GA. Has anyone had success in Washington DC?  And, if so, what are the keys to making sure HC works for you. Plus, I am willing to bet the program maybe different now than it was in 99/00/01.

I hope you ignore the posts that essentially argue that you adjust your goal because no body needs 400K+ per month to live a fulfilling life. I completely disagree; if you want it, go for it. However, you probably should listen to the experienced individuals who are challenging the business feasibility and mathematics.