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17 March 2024 | 6 replies
i'm sure there would be a line around the block of investors wanting to buy the portfolio in one transaction with seller financing, so long as the terms are right. i'd look into it myself. but something to note: the copy and paste in a previous comment mentions 'to an owner-occupant.' does this mean those rules wouldn't apply if you're selling creatively to investors who will not occupy the homes?
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17 March 2024 | 29 replies
The more I'm involved w/ larger investors who have been around the block, the more I understand why they're willing to take a lower return for less headache.
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20 March 2024 | 193 replies
The share certificates have on the back of them where you can transfer share ownership, WITHOUT a new signature/notary block to do so.
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15 March 2024 | 7 replies
My issues is that I believe that more days than not will be block as individual units.
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15 March 2024 | 3 replies
Though, these investors typically fall short or overpay for properties because they are unfamiliar with the market and the shifts we have from block to block.
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19 March 2024 | 323 replies
House has been stripped of everything but block and foundation.
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14 March 2024 | 2 replies
That trend stopped after the 70's but manufactured housing was a major contributor towards creating stable affordable housing.If we want to tackle our housing shortage we need to get serious about it.Here is a quick summary of the HUD changes: HUD Actions for Manufactured Homes and Communities:HUD announces a comprehensive set of actions to increase availability and affordability of manufactured homes.These actions are part of the Biden-Harris Administration's Housing Supply Action Plan.Manufactured housing is a key component in the strategy to boost housing supply and reduce costs.Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program:HUD launches the PRICE Program, a $225 million competitive grant opportunity.The program aims to preserve and revitalize manufactured housing and communities.Funding supports repairs, rehabilitation, replacement of units, infrastructure upgrades, and community resilience.Available to states, local jurisdictions, tribes, nonprofits, community development finance institutions, and other eligible entities.FHA Draft Policy for Manufactured Home Communities:FHA posts a draft policy to solicit public feedback.The policy aims to promote stability and affordability for individuals and families in existing manufactured home communities.Allows resident-owned cooperatives and mission-oriented borrowers to access FHA-insured financing for purchasing or refinancing.Updates to FHA's Title I Manufactured Home Loan Program:HUD announces updates to FHA's Title I Manufactured Home Loan Program.New methodologies for calculating loan limits to align with current market pricing.Expects the new loan limits to incentivize more lenders to participate and expand program usage by buyers of manufactured housing.Annual Recalculation of Title I Loan Program Limits:FHA will recalculate Title I loan limits annually to keep pace with home price changes over time.This ensures that the loan limits remain aligned with market conditions.Ginnie Mae's Title I Loan Securitization Program:Ginnie Mae takes steps to reinvigorate its Title I Loan Securitization program.Revisions to financial eligibility requirements for Title I Issuers to reduce barriers and increase lender participation.HUD's Ongoing Support for Manufactured Housing:These actions build on HUD's continuous efforts to support manufactured housing.Earlier actions include a proposed rule for the Community Development Block Grant (CDBG) program emphasizing the needs of manufactured housing communities.Recent Updates to CDBG Notice:HUD updated the CDBG in Support of Housing Activities notice to allow the use of funds for acquisition of manufactured housing units, services to homeowners, and investments in infrastructure and resilience for manufactured housing communities.
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14 March 2024 | 7 replies
There are two properties we have looked at this week, see the below descriptions:Property #1: 3 bedroom upper unit with a 1 bedroom Basement apartment in a great neighborhood with a metro stop a few blocks away.
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14 March 2024 | 4 replies
They do some predictions to distinguish between actual occupancies vs host blocking calendar etc.
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14 March 2024 | 12 replies
Unless you are in one of the few blocks that is zoned for two family, you are going to be stuck with the one house on the lot and no AirBNB at that location.