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27 December 2024 | 34 replies
Income tax refund (forced savings account where govt keeps your interest) gives them the cash they need for first month's rent + security deposit.10) Realities of S8: most tenants no longer have 100% of rent paid by the program.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com
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5 January 2025 | 12 replies
I went through something similar when I moved for work; I rented for a bit while figuring out the market and ended up investing in a rental property that really paid off.
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25 December 2024 | 11 replies
A fully paid for larger MF.
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18 December 2024 | 9 replies
My thoughts are to do an addendum (but not sure how to word it since she will have pre-paid her part until may) and let them figure out the security deposit between themselves at the end of the lease.
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21 December 2024 | 10 replies
This loan will have the highest cash to close requirement out of these three examples although the interest payment is merely being fronted as opposed to being paid monthly.
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20 December 2024 | 0 replies
Up until then I was cheerleading the earlier thought experiments about supporting lean/regular/fat income with ~$1000 / month per paid off SFH, thinking “I could bang that out in 5 years”.
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23 December 2024 | 9 replies
Nothing over $250 gets paid without my team's approval.
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24 December 2024 | 8 replies
They either:- Completely dump everything on us and then aren't happy with the results, or- Try to micromanage us, which we can't do as we aren't paid enough to be "personal assistants".
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24 December 2024 | 17 replies
I can wait it out from having properties paid off .
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20 December 2024 | 3 replies
We apply 50% to 2nd month's rent and if 2nd, 3rd & 4th months rent are paid on time, the other 50% in month 4 or 5.