All Forum Posts by: Account Closed

Welcome Michael!! One of my personal goals is to own "way too many horses", lol. Good luck in your searches, BP has been a great resource!

Welcome Mark. It sounds like you are off to a great start, making a relationship with a banker is a great step. I live in Missouri as well, but have never heard of Chaffee. Good luck!

Cool, good to hear your closing process shouldn't be too painful (being from out of state). Please keep us posted!

I agree with what Ray mentioned above. Do you plan on renting for cash flow? Or are you intending to wholesale?

Hey Christopher - I live in KC, just curious what neighborhood is this in?

Adam - it sounds like you have had some nice luck with your tenants:). That is awesome. Thanks for the input, I will keep you posted on the outcome of the property.

Thanks Joel. I agree, I don't think I would want to get involved in 'charging' the tenant a higher rate than the voucher. Seems to make much more sense to stick with the voucher amount (and if the voucher amount doesn't work - don't do the deal).

Do you still own Section 8 housing?

Thanks Kelly. I need to continue my discussion with the listing agent, but from my 30k feet overview I think the entire rent check for the first floor comes from the gov't. You make a good point about maximizing the rent potential, I hadn't thought about that yet. Thanks! I'll do some more digging and keep you posted.

The realtor did add that the first floor tenant has been there for like 7 years, and has no intention of leaving...fyi.

Hello all - I just looked at a multi-family tri-plex. The realtor just informed me that the first floor (only) is Section 8. I know NOTHING about Section 8 housing, other than the fact that it can get a little rough:). Could anyone offer any info on whether they would look into this further, or run for the hills?

Thx!
Shelby