All Forum Posts by: Evan Crawford

I have a property that I would like to put up for a potential Section 8 rental.  The house currently has window units but I was not sure if that was acceptable or not for Section 8. 

Thanks for the help

Tonight in Birmingham, we are having a gathering of real estate investors of varying experience from beginner to very experienced.  It's been set up in a speed dating type event where newbies (like myself) can fire out questions to the more experienced.  I have a pretty good list going but I thought I'd propose this question to BiggerPockets to see what others would ask.  If you had 5 minutes to ask some various questions - what would they be?

Thanks @JBenoit for putting the meeting together.

He paid cash and didn't do a survey. He told me his agent mentioned that it wasn't in flood plain but who knows. I appreciate everyone's help.

Thanks guys... I kind of informed him this might be the case but I figured I'd put it out there in hopes of someone knowing something more than I.

My friend just purchased a foreclosure. He's fixed it up and is now placing it back on the market to sell. He thought he was about to get an offer but when potential buyer called insurance agent, they told her it was in flood plain. When he purchased home, it was never mentioned that it was in flood plain and now he's worried he can't sell it. Shouldn't this have been disclosed or discovered prior to his purchase? Any advice? He's worried buyers may be scared away.

"You can marry more money than you could ever make" (from my financial planner).

I personally like "if it doesn't make dollars, it doesn't make sense"

Looking for some alternative ways to pay for materials and came across Home Depot's project loans. It looks like interest only payments for first 6 months then monthly payments at about 8%. Just seeing if anyone has ever used this type of loan and what you thought of it.

Details on it are: up to $40,000 credit line.

Claims payoff anytime

Fixed APR of 7.99% - Amortized for 84 months after first 6 months of interest only payments

Thanks for any feedback

Low income and occasionally a war zone. Poor schools as well. Would not recommend living in ths area. As a 28yr old with new family, I wouldn't move into a free house in ensley.

slightly off subject but in reference to capital tax, i've been told by a banker and accountant, (neither of which I have used, just friends of mine) that if it's your primary residence, you would not have to pay capital gains tax on the profit even if sold under the 2 year window. Am I wrong about this?

** just saw link above, please disregard**