All Forum Posts by: David Nunn

Thanks.  I don't want to get the tenant in trouble though.

Hello.  I'm under contract on a house that has a section 8 tenant.  Apparently, the tenant really wanted the house, and is paying above what she is supposed to pay for her portion of the rent (section 8 covers the rest).  She doesn't want us to tell the section 8 manager, because she could get her coverage removed if they find out.  Does anyone know if this could be an issue for me as the buyer/owner?  Thanks!

Thanks everyone!

Hello!

I'm in the process of buying a home, and received a quote from a lender. It has the interest rate (7.3%), and then a higher amount for APR (7.8%). I don't remember seeing this in the past, but could have just missed it. Is this common? Is it negotiable? Something I should be adding into my calculator when I run numbers?

Thanks!! -Dave

Thank you both!  

-It's difficult to cash flow because the current rent barely covers what the mortgage would be.  I could potentially raise the rents, and put a little more down, but that would be putting a big chunk of the money I have set aside for investments into an asset that doesn't do what I need in the short term.

-The other properties, along with my wife's income provide enough income for us to live on if we live extremely frugally.  I'm looking to invest the extra money into high cash flowing assets to take some pressure off.

-appreciation outlook is ok, but not great.  Fast growing town, but boring townhouse/nothing special.  Normally I wouldn't be targeting this one, just hard to pass up the discount + 10k year in "gifts" on the seller financed portion. 

-Would love to move in, but we JUST bought a home with an ADU we're going to STR a couple of weeks ago.

Hello.  My Dad wants to sell me one of his rental properties.   It seems like a great deal in the long term, but will be very difficult/expensive to make it cash flow for the first couple of years.  I recently lost my job, have about $150k in cash to invest, have a few cash flowing rental properties, and really want to use the $150 to maximize cash flow so I can avoid a regular job and focus on real estate and starting a new business. 

Home Value: $425-435k.  Sell for $400k, he'll carry $100k of that interest only, and gift 10k/year for 10 years.

I really don't want to pass this up, but putting in the amount of money needed for a tiny bit of cash flow, or losing money each month for a couple years would risk running out of money and pushing me back to a regular job.

Would you pass on it?  Any creative ways to pull this off?  It's a family thing, so bringing in a partner would not be an option.

Thanks!!

  Dave

Hello!

Does anyone know where I can find tourism statistics for individual areas?  Mainly looking for how many people visit an area per year.

Thanks!!

 Dave

Hi Alissa, 

I live in Oregon, but head out to VT each year to visit family and am looking into in investing out there.  I'd be interested, but would most likely need to do most of it virtually.

Dave