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All Forum Posts by: Jane Park

Jane Park has started 3 posts and replied 5 times.

Post: Questions about getting into a Section 8 property

Jane Park
Pro Member
Posted
  • Denver, CO
  • Posts 5
  • Votes 1

Hi. I am hopeful to close on a property approved for Section 8. I know very little about Section 8 except that the property should cash flow quite well.  I plan on putting in a call in to the local Section 8 office but wondering if I could get some help with what questions I need to ask? I have a list of my own but hoping to get as much out of the call as possible with help from some seasoned investors. Also any advice about problems or issues someone has had with these kind of properties is really appreciated!  Thank you so much in advance with any help you can provide!!!

Post: Protection on Investments

Jane Park
Pro Member
Posted
  • Denver, CO
  • Posts 5
  • Votes 1

@Tanner Pile

Thank you!!!!

Post: Protection on Investments

Jane Park
Pro Member
Posted
  • Denver, CO
  • Posts 5
  • Votes 1

@Bob Stevens is 1st lien position only offered for a 50/50 partnership? 

Post: Protection on Investments

Jane Park
Pro Member
Posted
  • Denver, CO
  • Posts 5
  • Votes 1

Hi. I am still very new.  I have no deals but I have been in contact with a contractor/developer in our area. Through him I have been presented an opportunity to invest into a multifamily development.  Permits are approved and ready to be issued after payment of fees. Lender is underwriting the deal.  We are told it is a 12-18 month investment with a 30% return for 12 months and 45% return if it extends to 18 months.  What do I need in a contract to protect myself if I move forward and what else should I know or be wary of? I am putting in a call to him tonight to get more info. What else should I ask him?  He has sent us the brochure of the property but this is all I know thus far.  Any advice would be appreciated! And also if anyone has a recommendation for a real estate attorney in the Denver Metro Area that would also be amazing!

Post: Best area for STR, Santa Rosa Beach, Nashville, Austin

Jane Park
Pro Member
Posted
  • Denver, CO
  • Posts 5
  • Votes 1

Hi. I am very new so please be kind if my question is too general as I understand that lots of factors can come into play but for those of you more seasoned investors, if you had the opportunity to invest in those 3 areas for a new STR or MTR in today's market which area would you focus if any? Thank you in advance for any input/advice you can offer this newbie!!!