I am in the final stages of a VA assumption, that was gifted to me by a family member with all its equity.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

After it's stabilized looking like $28-30K annual cash flow, probably $72 per unit with a 4.3% cash on cash return.....assumptions using market standard opex since you didn't provide that but did you underwrite this one? 

I am in the final stages of a VA assumption, that was gifted to me by a family member. 

Hey folks, so this morning one of my colleagues posted (from another person) some reasons why sec 8 can be very difficult. Well, you will see my responses in bold that show the facts vs some guy sitting on the interne...

@Bruce Woodruff it's a free country, so you can do anything you want.On the other hand, many people jump to conclusions without all the facts and often don't process facts correctly.My manager's brother-in-law belongs to a very exclusive country club - they've host PGA events regularly.They approached our management company about potential rentals that their DOCUMENTED temporary H-1B visa workers could use - with multiple workers staying in the property for the  summer.We couldn't find an owner willing to agree to a short-term lease at an acceptable price.So, how accurate are your assumptions with the limited data posted?

While Class C could work out if you research and find a gentrifying area, we do NOT recommend Class D areas due to high crime - NEWSFLASH: young doctor killed by tenant over parking dispute:(OPTION #3Buy rental out of stateYour $100k will get you about a $400k rental property.Challenge is understanding Property Classes and what each means for ROI.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

That is a huge assumption.

Assuming a private lender should compete or charge at the same level as a conventional lender or a HML is an incorrect assumption.