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19 September 2021 | 10 replies
Back story:My wife and I have had plans to buy a large farmhouse on acreage, but after finding out that we're expecting our first child, we've decided to stay put in our starter home with $100k equity right next door to an elementary school that we were planning on renting out and cash flowing $400/mo.
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16 September 2021 | 7 replies
Then either putting it into a trust or an LLC that the child as added to soon or later?
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21 September 2021 | 44 replies
Lol if only we could get away with charging a monthly rent per child, or maybe collect a child deposit.
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16 September 2021 | 4 replies
@Antonio Daniels 1-there are no different standards for screening...what you will find is that they will likely not meet your earning requirements (like 3x rent)...so you have to make exceptions...they also have very colorful backgrounds for the most part...after screening hundreds of section 8 tenants, definite patterns will appear...if you have a credit score requirement, odds are they will not meet there either (but there are fantastic voucher tenants out there as well...I've rented to nurses and other professionals with a voucher do to having a disabled child that needs a lot of services)...the one thing to be aware of is not treating them differently because they have voucher...2-The inspection depends on local authority, but the standards are the same...this is a federal program...so Housing Quality Standards (HQS) is the guiding document...how an inspector interprets that is another story...https://www.hud.gov/sites/dfil...3-Usually you will only have recertification annually, or possibly at an income change or a request or complaint...4-100%, it's one of the best sources of long-term steady income out there...I'll take a section 8 tenant over a white collar A-class tenant any day...plus you are helping to house the most vulnerable and underserved population out there.The bad things you hear about section 8 are from folks that do not understand the system and how it works, or want to be slumlords and not take care of their properties...or are ill prepared to deal with people in general.
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21 September 2021 | 9 replies
I invest in helping and partnering with people that have the drive to become successful.There are very few parts of the country where there aren't phenomenal opportunities -- The only place I've refused so far is the Salton Sea area because it's like a post-apocalyptic wasteland.For example, I'm partnering with a guy I met here on BiggerPockets just four weeks ago that's in a little town in South Carolina that I've never heard of.He was convinced that this little town had no possibilities but I just jumped on Google Maps and started looking around to see what this little town had to offer.That's when I saw an equine therapy ranch that helps people deal with emotional and psychiatric problems like child abuse, PTSD, etc.
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17 September 2021 | 20 replies
I was especially elated to see the light at the end of the tunnel on this reno as I’m currently pregnant with our second child, and had both hoped to be able to help my husband complete this job before I’m huge, and actually have a done house by the time baby # 2 arrives.
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21 September 2021 | 3 replies
I had just graduated from a Flordia college with a useless degree and was now serving Venti Unicorn Frappuccinos to crazed lines running out the door and around the corner.Anyone else have humble beginnings?
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27 September 2021 | 10 replies
But like all plans there were challenges and my first child was born shortly after my return which made it a little harder to devote the time required for a new agent to grow their business.
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7 December 2021 | 86 replies
No unless you can present consequences of their child's actions that will affect them.
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27 November 2021 | 12 replies
Its socially distant..You should solve this problem tonight by staying with a friend vs sleeping in a car with a child.Man up and find somebody you know to take you in until you get this fixed.If the Police spot you doing that, they may take the child to CPS, and possibly you.Good Luck!