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26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
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25 November 2024 | 4 replies
You could charge access fees or offer day passes for off-road adventures.Lease for Cell Towers: If the location is right, telecommunications companies might be interested in leasing a small portion of your land to install a cell tower.Event Space: If you can make it picturesque or add basic amenities, the land could be rented out for events such as weddings, retreats, or festivals.
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2 December 2024 | 34 replies
Basically, it's his 3-day, in-person teaching put into an online format with mentorship from Scott and group connections, so we'll see...
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1 December 2024 | 377 replies
Basically his premise is nothing makes money like money and that's what creates wealth inequality.I recommend this Econtalk podcast interview with him, the economist host does not back away from challenging him.http://www.econtalk.org/thomas-piketty-on-inequality-and-capital-in-the-21st-century/
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25 November 2024 | 22 replies
I am trying to manage the asset and the property managers.Here is the basic functionality I'm looking for: Property View: Customizable view that allows me to select a given property and view, update, and save information including the obvious facts, plus ownership %'s, reserves to be held each month, property tax/insurance info, purchase and loan info.
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25 November 2024 | 5 replies
Quote from @Sonja Revells: @Chris Seveney primarily Padsplits I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.
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25 November 2024 | 11 replies
There is a cinder block structure on it now that is basically a 1BR, 1BA shell with plumbing fixtures, but no kitchen.
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24 November 2024 | 7 replies
I can see sharp investors talking to these folks and just basically talking the seller into cancelling and coming with them as they will pay more..
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29 November 2024 | 27 replies
Those losses can be substantial, by the way within an HVAC system-Again I doubt these technologies would hold up under scrutiny within a court of law because all it takes is one person with even a basic grasp of principles of engineering and you’d find an easy 10+% delta in these systems’ measuring abilities.
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26 November 2024 | 18 replies
Everyday RE investors achieve success with just basic math skills.