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All Forum Posts by: Danielle B.

Danielle B. has started 9 posts and replied 22 times.

Hi,

I’m curious to hear your thoughts on the next hot spots for real estate investing.

What are your favorite up-and-coming towns where investors should look to buy and why?

Can anyone share their experience as a hard money lender in OH? 

I have experience in NJ and NY, where mortgage brokers bring me deals to fund, but have never invested in deals in OH. 

I do private lending at 14% interest and 4 points at closing. The return is great and hard to beat.

Looking to purchase a portfolio of SFH's in Lorain or Elyria with good section 8 rental potential.

Each property should be 3+ bedrooms, no larger than 1,500 sq. ft, built 1950 or later and need no more than $10k to rehab. Would consider some that slightly older as long as they are structurally sound.

Looking to work with a property owner directly ONLY!

Post: Mezzanine financing or hard money loan

Danielle B.Posted
  • Posts 23
  • Votes 10

Sent you a DM asking for further details.

Quote from @Aristotle Kumpis:

I don't understand why someone would ask if now is a good time to invest in section 8. You are not investing in the program. You are investing in real estate with the hopes that your tenant will have a voucher, if that's what you want. These are usually lower income areas, and you must understand the quality of tenant you may get. You cannot choose a section 8 tenant over a market rate tenant. Or vice versa. That violates fair housing rules.

Now, you can try to find a property that already has a section 8 tenant. But just keep in mind that you usually won't see much appreciation in these areas. So it depends on what your expectations are. I think it's great program. It's best to have a property manager involved because they usually know the rules etc.

I ask because funding for a number of government programs is being halted right now. I don't know if there will be some impact on affordable housing programs. 

Anyone looking to sell a portfolio of single-family homes (3+ bedrooms), in these cities that would have great potential as Section 8 rentals?

Each property should be no larger than 1,500 sq ft or older than 1950.

Looking for sellers interested in retiring or downsizing their portfolios in these two cities specifically.

In the current economic and political climate, do you think now is the right time to invest in Section 8?

Post: Best Pockets in Ohio for Section 8

Danielle B.Posted
  • Posts 23
  • Votes 10

Have been hearing a lot of good things recently about Canton for the cash flow. Thoughts?