Marilyn Thompson
USDA Loans for Multifamily
22 February 2024 | 5 replies
Rural areas are typically defined as areas with populations of fewer than 35,000 people.Use: The property must be used primarily for rental purposes and provide affordable housing options for low- to moderate-income tenants.Developer/Owner Eligibility: The developer or owner must meet specific eligibility requirements set by the USDA, including financial stability and experience in property management.Income Limits: The tenants who will be residing in the multifamily property must meet income eligibility limits set by the USDA.
Giovanni Cortorreal
Purchase Offers/ Proof of funds when using private lender money.
22 February 2024 | 11 replies
I then include a letter from the lender indicating a pre-approval for the funds.This way the offer looks good (no extra contingencies), but is completely transparent with the financing details.
Ross Hayes
Debt Pay Down Analysis
23 February 2024 | 15 replies
The sheet include the other vectors as well over a 30 year period:1.
Mike Terry
Did I hear David Greene correctly this morning? Cash out 1.5MM retirement fund?
22 February 2024 | 43 replies
I think mainly for lenders etc.
Akono Hite
Circumstances have changed since my last post. Same property, same dilema
22 February 2024 | 7 replies
The basement was a total loss and the main floor of the house took a lot of damage as well.
Richard Lange
Can anyone help me get leases for rented out duplexes?
22 February 2024 | 1 reply
My main thought would be to reach out to a management company to see if they have any data and active leases they could share.
Michael Hayes
Passing Section 8 Inspection but Without Providing Appliances
23 February 2024 | 10 replies
I won't be providing appliances but I know that for the section 8 inspection, part of that includes inspecting a working refrigerator and range.When I did Section 8 a couple of times years ago, I was sure the houses would pass or only need minor fixes depending on the inspector that I got, but I let the tenant move in right before the inspection so that their refrigerator and range could already be in place and be inspected.
Jennifer S.
Multifamily Mastermind Group
23 February 2024 | 62 replies
I will be delighted if you include me in your group.
Jarrett Duncan
Sarasota Land Brokers
22 February 2024 | 1 reply
Hello BP,I'm looking into purchasing a property in Sarasota, FL that is built on a large parcel and includes some vacant land.
Matt Pine
Alterations without consent
22 February 2024 | 9 replies
The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.