All Forum Posts by: Dean D.

@Rebecca Knox , LOL and Thank You , I plan to borrow that quote.

@Mark Cruse challenge and crisis breed opportunity, this will always be true. But the majority aren't fit to seize it.

@Charles Clark social impact is both altruistic reward and Good Deeds we take with us.

@Nicholas Baker Wood , your post needs to become MUST READ for any class D MF investor 

Would this one additional dimension help gauge likelihood of success, Namely: what is society doing to improve the lives of Class D neighborhoods?
(1) GOVT: How is local county/parish government investing in free libraries, job events, community youth athletic and education events?
(2) Business: How is any business excluding Pawn Shops, Payday loans, and strip clubs investing in these communities?
(3) NGO: How are non-profits participating in Job skilling, youth athletic and education events ?
 
No matter how philanthropic is class D investor, no one can do it alone. How likely is success if other members of society, namely GOVT, Business, and Non profits are not pulling up the class D neighborhood ?

Purchase Price = Rehab down payment + offer amount balance
Gain = Flip Sell - ( Rehab down payment + offer amount balance )
Tax = ordinary Income tax rate if flip is held less than one year * Gain

Seeing 2X quotes on renewals for residential property insurance Baton Rouge, LA . In this news story, The Louisiana Dept of Insurance Commissioner Jim Donelon suggest these increases are real. The increases are throughout I-10.  Yet the  Dept's own rate comparison tool says there is still plenty of choice amongst lower cost providers. What increases are you seeing on renewals for residential single family & multifamily homes ?

David,

Sorry for late post, consider:
Buyer executes a buyer contractor lien for Rehab. At the conclusion of Rehab, Seller agrees to (a) take buyer contactor lien for rehab as downpayment  & (b) take offer amount as balance for sale, buyer agrees to withdraw lien for rehab. If seller reneges on terms, buyer enforces buyer contractor lien for rehab services.

Curious , what have you decided to go with ?

@Senate Eskridge , so what is your take on the other four programs ?

@Tim Donohoe Thanks for sharing your experience with Apartments.com

While we try to test out apartments.com, we and our current and prospective residents have been frustrated with having to turn off vpn otherwise any activity is readily rejected and not saved. Curious if (a) your aaplicants had to turn off vpn to submit application. (b) if you yourself had to turn off vpn to test maintenance request.

As @Bruce Lynn @Duane Alexander @Bobby Nilsen @Ian Walsh pointed out: Focus on finding deals  and everything else will fall in place. Connect with wholesalers to find deals fast. Connect with local first then regional banks for lending.

@Nathan G., this topic has shown up on multiple threads. 

Emergency Rental Assistance Program (ERAP) is a $25 Billion program administered by Dept of Treasury. Up to 15 months of rent and/or Up to $15K per household is payable directly to landlord. Assistance needs not be paid back by either tenant or landlord. Locally, each county administers ERAP, this link lists local ERAP by state. These local programs have just been or about to be stood up so search each locale ERAP for the latest. Tenant and optionally landlord fill out form to qualify eligibility.

@Sakib J., sent you PM. ERAP is paid directly to landlord , it is not a loan to either tenant or landlord. Neither tenant nor landlord need to pay it back.   

EIDL is a $25 Billion program administered by Dept of Treasury. Up to 15 months of rent and/or Up to $15K per household. payable directly to landlord. see link within