All Forum Posts by: Connor Williams

What are the pros and cons and access to LIHTC?

I can build 3-4 units and am looking for advice from someone with experience in building ground up housing with inventives and tax credits. Either low income or senior housing. Or open to other ideas if there are ideas. Thanks !

Thanks for the confirmation everyone. Definitely what I was thinking and sounds like it can be done. 5.25-% rate on a 1.2$ house is definitely more appealing and opens doors up as opposed to 6.7+ rates. 

I saw another builder local to me offering 4.99% financing. 
my question is how or who can offer financing like this on houses I build ? I am guessing there is either a preferred or in house lender with large amounts of credit to get to this? 

I want to learn more. 4.99% for buyers is a game changer selling 6 new construction houses 

Does anyone know of a wholesaler in the Tacoma WA area?

I am the contractor that you have been looking for! Specializing in investment properties, ground up new construction, flips, land development. As an investor myself, I see the potential to grow and fill the gap between investors and a quality GC. I understand budgets and timelines! Let’s connect👍🏻

Replace both. If anything the roof first. Think of it this way, if you have a roof leak, that could cost you tens of thousands later, vs a few thousand now (and it is at the end of its life anyway and in rough shape)

if you are keeping it as a rental just paint them and let it ride. When you sell then replace. I just did the opposite for a client on a flip. I replaced all the trim and doors with new, larger profile white. Looks great. White MDF trim does not hold up very good 

Posted in the wrong area originally. 

My wife is interested in assuming her mom‘s mortgage. We have checked into this and it is something that she can do. However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into care, can the government force us to sell if it occurs in the five-year window? I believe the look back is a five-year window for Medicare?

my wife would assume the loan, and quit claim deed her mom off. We don’t anticipate this happening however, you need to prepare for every scenario.

we have agreed to purchase the property for the loan balance of say 200,000$ value, 375,000$ and she lives there for $350 a month. So a long term play. Any other creative financing ideas?

My wife is interested in assuming her mom‘s mortgage. We have checked into this and it is something that she can do. However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into care, can the government force us to sell if it occurs in the five-year window? I believe the look back is a five-year window for Medicare?

my wife would assume the loan, and quit claim deed her mom off. We don’t anticipate this happening however, you need to prepare for every scenario.

Circling back to buying a family members house.. 

can’t assume the property since I won’t be occupying it. 

So looking into subject to. 

I would be on title, she is completely off once it closes. Then she continues to make the mortgage payments? Can I set up auto pay and have it come out of my account/pay the mortgage with my checks to ensure it gets paid?

Any concerns with a subject to? The family member will continue to live in the house, I am essentially subsidizing the loan for her, saving her 7-900 a month and for me it’s a long term play getting it for a good price