All Forum Posts by: Michael Johnson

Thanks all. In this case, my girlfriend is the tenant so we were seeing if the apartment manager was holding up their end.

Hello,

If a tenant breaks their lease and chooses to go rent responsible in order to not pay the lease break fee, what are the landlord's obligations in this case? Couldn't they just not list the apartment until the existing lease is up?

@Loren Polito Interested in a PM as well, and possible your services. Please message me. Thanks

@Jennifer Boubel Interested as well. Thanks.

Tough to help you with pointers without seeing the list. I work for a HUD lender and the CNa provider will come out to inspect a percentage of the units and then provide you with a list of repairs that need to be done as well as a 20 year schedule of repairs that are likely to take place based on the age of the building components. They will give you a report that is in an acceptable format to HUD.

Hi Kaylane,

I am an affordable housing underwriter for a lender for my 9-5. The process for obtaining a HUD subsidy depends on the type of subsidy you are looking for whether it be LIHTC (Low Income Housing Tax Credits) or Section 8. And those two come in different flavors as well.

This table doesnt tell us the whole story. If you assume that NOI will from at 3% a year and the cap rate states the same the sales price will be higher. Will need a few more figures to determine where your math went wrong.

Hi Dennis,

I am an affordable housing underwriter familiar with LIHTC and Sec 8 lending. What can I help you with?

In regards to number 2, I would ask your title company for another recommendation. Also, consult with your broker/lender for their recommendation as well. Just make sure they are a Qualified Intermediary such as: 

"can include, but is not limited to, the exchangor’s employee, attorney, accountant, investment banker or broker, or real estate broker or agent."

Hello all,

I am looking for recommendations/referrals for good property management companies in San Antonio for single-family homes. Thanks.

Mike 

Thanks @Charles Sinn. That's great information. I figured the 1% rule was out, the RE market everywhere is really hot right now and inventory is low. I have been doing a lot of back of the envelope calculations using 1% of the financed amount vice 1% of purchase price and that seems to be the go no-go point for positive cash-flow for a lot of deals these days.

From what I've seen, and my investigation is just in it's invancy, rental rates seem to drop off qucikly as you move away from the university (like outside 1 mile). Perhaps you can correct me if I am wrong.

 I'll shoot Evan an email right now.