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27 September 2024 | 5 replies
Section 8 can provide a steady and reliable source of income from government-backed rent payments, but with that said, make sure to do your research on the local market to ensure demand, and be prepared to meet the property standards required by the program.
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27 September 2024 | 1 reply
You can also use a standard board of realtor lease template.
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27 September 2024 | 6 replies
Many lenders will consider this commercial use, so a standard DSCR program will not lend to it.
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27 September 2024 | 5 replies
Dimensions and layouts on these are mostly standardized so you shouldnt have any problem unless the existing cabinets are custom built for the space.
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27 September 2024 | 8 replies
Should be fully upfront and aim for a property that could work just as easily as a standard single family rental too
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27 September 2024 | 4 replies
Here is a standard clause from the Columbus Realtors you can use to protect yourself:111 Investment Property Purchase ClauseThis Offer is contingent upon Buyer’s satisfactory review of all leases, rental agreements, deposits, past _______ years’ income and expense reports and within ___________calendar days after acceptance of this offer.
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24 September 2024 | 49 replies
Setting standards just to deny people is BAD practice, BAD business, and ILLEGAL.
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26 September 2024 | 7 replies
I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative.
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24 September 2024 | 1 reply
Washington was the operating partner, with the land being developed for small farms, houses, grain silos, tanneries, barrel manufacturing facilities, churches, stores, etc.
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24 September 2024 | 3 replies
I was wondering if anyone knew of a different part of Texas that has a good ratio of cheaper Housing and Higher payment standards for the section 8 program.