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8 September 2024 | 31 replies
An extreme example of this is a property I once sold.
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11 September 2024 | 69 replies
There are a lot of great things that come with renting two Section 8 tenants like an annual guarantee of income once you get a negotiated price on a contract with HUD but this does not negate the fact that there is good and bad to everything and whether that be a cash pay tenant or a Section 8 tenant, it's ALL about the way you do business, and whether or not you have experience to be able to recognize the way that certain things should or should not be handled so that you end up benefiting from the situation instead of losing. let's keep this thread going, if anyone else has any other insights please continue to post this is a great thread because there is a lot of general misconception about Section 8 HUD tenants, properties, and investors, it is certainly a niche market so to speak but if you know what you're doing it can be extremely lucrative.
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6 September 2024 | 8 replies
Self-managing from a different state is extremely difficult, especially in states where the law favors the tenants.
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5 September 2024 | 16 replies
As a property owner, my experience with MNPMC (sometime called MN PropertyNerds) as a property manager has been extremely disappointing.
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10 September 2024 | 34 replies
It was extremely helpful!!
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7 September 2024 | 9 replies
It’s extremely rare for a lawsuit to go over that.
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6 September 2024 | 9 replies
It’s extremely powerful to compound your earnings, which means you want to legally minimize or defer your tax payments as much as possible.
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4 September 2024 | 2 replies
A bit of a more advanced exit strategy, but one that can be extremely profitable when implemented correctly.We spent $18k to clean out the place and then we turned around and made $40k after cleaning costs, closing costs, and commissions.
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10 September 2024 | 43 replies
I'm sure some laws have been created that favor property rights, but they are extremely rare.
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5 September 2024 | 2 replies
When you're new with no experience, It will be extremely hard to find anyone that will go into business with you if you have no skin in the game, and you don't know enough buyers and sellers to be an efficient wholesaler.