11 September 2024 | 9 replies
These could lower utility costs over time, and you may qualify for rebates or tax incentives.Add Value to the Property→ Consider adding small improvements or amenities that justify increasing rent without losing tenants.
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12 September 2024 | 21 replies
If there is an environment created that can be construed as a hostile relationship, in most cases you will be the one who loses.
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9 September 2024 | 5 replies
However, if the buyer opts out, the seller loses that credited amount.
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11 September 2024 | 69 replies
There are a lot of great things that come with renting two Section 8 tenants like an annual guarantee of income once you get a negotiated price on a contract with HUD but this does not negate the fact that there is good and bad to everything and whether that be a cash pay tenant or a Section 8 tenant, it's ALL about the way you do business, and whether or not you have experience to be able to recognize the way that certain things should or should not be handled so that you end up benefiting from the situation instead of losing. let's keep this thread going, if anyone else has any other insights please continue to post this is a great thread because there is a lot of general misconception about Section 8 HUD tenants, properties, and investors, it is certainly a niche market so to speak but if you know what you're doing it can be extremely lucrative.
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9 September 2024 | 5 replies
The deal fell apart, and not only did we lose the $5,000 assignment fee, but we also lost the $5,000 we had loaned to the sellers, who admitted they knew about the second loan but never disclosed it to us.When we asked the sellers to return the money, they told us it was already spent on Christmas presents and moving expenses, with no intention of repaying us.This experience was a painful wake-up call.
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13 September 2024 | 35 replies
You'll lose to inflation investing here over time if you are one of the very few that consistently cash flow. 2 - the place will be far from turnkey and will require thousands to get Section 8 ready.
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10 September 2024 | 7 replies
Paying down principal doesn't reduce your risk of losing the house.
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9 September 2024 | 15 replies
Recently came across a few good within my budget properties and do not want to lose the opportunity to invest and wondering how to go about the loans since I am not employed anymore and the lenders that I was working with for previous properties always ask me for employment verification and 90 days' pay slip.
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9 September 2024 | 4 replies
I hope this helps at least one person from losing this kind of money.
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10 September 2024 | 12 replies
For raising rents, you can do it gradually and possibly keep the tenant, or you can do it all at once and at that price increase you'll likely lose them.