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14 March 2024 | 16 replies
Do you believe it significantly enhanced the appeal or functionality of your space?
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14 March 2024 | 13 replies
By partnering with other investors, you can leverage their knowledge, resources, and experiences to help you achieve your financial goals more efficiently.Here are a few potential benefits of partnering with others:Increased Capital: Partnering allows you to pool financial resources, giving you a stronger position to pursue larger investments and potentially increase your positive cash flow.Shared Expertise: Collaborating with experienced investors who have achieved similar goals can provide valuable guidance and insights.
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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 | 2 replies
I'm eager to connect, collaborate, and embark on this journey together.
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14 March 2024 | 0 replies
-Obtain an opinion of fair market value from a real estate agent.Property Enhancement:-Improve curb appeal and overall condition.
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14 March 2024 | 11 replies
Collaborating with a developer on a multi-unit building or exploring newly built properties in burgeoning neighborhoods could be advantageous.
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14 March 2024 | 2 replies
Although I'm a new investor I'm looking for long-term contacts that I can collaborate with on a few deals.
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13 March 2024 | 13 replies
I'm eager to connect with more agents looking to grow their business and Investors interested in collaborating with an investment-friendly brokerage.
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14 March 2024 | 12 replies
Seek for homes where property management may be optimized or where renovations and enhancements might raise rental income.Long-Term View: Although cash flow could be difficult initially, take into account Silicon Valley real estate's potential for long-term value.
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12 March 2024 | 0 replies
This money can be reinvested in opportunity zones or used to enhance your current properties.Maximize the 10-Year Exclusion: Opportunity Zones regulations exclude capital gains generated by your investment from any taxation.