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10 September 2024 | 43 replies
TheSeattle Times editorial boardSeattle’sOffice of Housing last month released an unprecedented $14 millionto stabilize the balance sheets of affordable housing providers infinancial trouble.Turnedover to The Times editorial board after a public disclosure request,the 24 applications for emergency funding read like a collective cryfor help.Landlordsreport that some tenants are not paying rent, a trend that worsenedduring the pandemic.
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6 September 2024 | 9 replies
. § 45:15-1.That said, if you are an employee of a company and don't collect compensation, and you do not hold yourself out as a broker in any fashion - there may be situations on case-by-case basis you may not need a license for some tasks.
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7 September 2024 | 4 replies
I want to occupy one of the units, my preference would be the 2/1 so I can collect more rent from the 3/2 to go towards my mortgage.
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6 September 2024 | 6 replies
This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments
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9 September 2024 | 18 replies
In regards to sharing your experiences and resources, would you mind if we connected and stayed in touch as I still have approx. 3 yrs before I’m even eligible to leverage it and just collect as much info as possible?
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6 September 2024 | 4 replies
In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.Most, not all, are eligible for government assistance due to a funeral-march of bad choices.REALITY: you are trust trading one set of problems for another.You can succeed with S8, but you need to understand the challenges and plan accordingly.
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9 September 2024 | 18 replies
@Greg Dickerson I had collected $1000 non-refundable EMD.
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6 September 2024 | 4 replies
The rents are collected weekly instead of monthly, so there are more rental periods each year, but I assume expenses may be higher as well.Does anyone have experience with SRO real estate?
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6 September 2024 | 8 replies
The guru I paid $40k to mentor me told me I could outsource everything and just collect a check in my mailbox each month.
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7 September 2024 | 15 replies
That said, unless the amount you end up losing is substantial it likely won't be worth going after with the cost of litigation and also the effort to collect.