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7 August 2019 | 200 replies
It's not like we're politicians or titans of industry that sway market forces with our decisions, we just provide housing in the path of progress.
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29 August 2023 | 33 replies
With that said though there are ways to adjust rents, prepare for higher rents for the appraisers comps and is based on the appraisers opinion of market rents versus the PITIA or monthly payment (principal/interest/taxes/insurance/assessments).You can work the upper end of the equation which is the income and fix up the units to get a higher opinion of rental values or you can work the denominator which is the expense side of the equation by:- putting more money down (the worst solution of them all since it counters the whole thesis of why you're using FHA in the first place)- you can buy down the rate on the 30 year- you can switch to the 5/1 ARM FHA to get a lower rate and cheaper buy downs between rates (FHA underwriters qualify because on the note rate on FHA even with ARM's or adjustable rate mortgages)- you can get a lower insurance quote- you CANNOT mess with property taxes unless you know a politician locally (joking of course)At the end of the day the FHA SS or self sufficiency rule only has a numerator or denominator and you can work all ends but there isnt much else to make sure you can get the maximum loan amount per fha guidelines.A good investor and lender will be able to help you maximize both or prepare you in advance so that you dont deal with this stuff at the 11th hour (if you do you will be the best prepared you can possibly be prior to the application date).Best of luck,
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27 September 2022 | 26 replies
or politician (say Trump)?
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13 June 2022 | 24 replies
But I do believe that right now politically housing prices going down would be the least of the governments/politicians problems maybe even beneficial, but that could change quickly and the government will again boost prices with QE low interest rates etc.
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13 April 2023 | 41 replies
Ryan, that's understandable, but that is still the liberal politician way to deal with the issue.
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29 July 2018 | 37 replies
Politicians and lobbyists go from NYC to Albany all the time.
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19 February 2021 | 12 replies
I am not a lawyer nor politician, as I understand the intent for passing this law on the state level was to provide additional housing throughout the state.
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13 April 2018 | 50 replies
That's rough cause they typically both get paiiiiiid.One of my tenants is a recognizable politician.
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28 April 2020 | 101 replies
Politicians (i.e. the entire Democratic party) and their leaders like Bernie Sanders and AOC are calling for wealth redistribution.
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1 September 2023 | 43 replies
It's hard to remember a time when politicians provided inspiration.