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25 November 2024 | 1 reply
In the meantime use the search function on BP and type in lifestyles Unlimited and I think there are some post from the past of similar questions.
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27 November 2024 | 1 reply
I’d love to hear from anyone familiar with the rental market in El Cajon or who has built/rented ADUs in similar areas.
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28 November 2024 | 10 replies
Similarly, if you put all Class D tenants in a Class A 4-plex, what do you think will happen?
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26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
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25 November 2024 | 2 replies
I bought nothing.2021 was similar, but prices got silly.
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26 November 2024 | 12 replies
I work as a part-time CFO for several real estate developers like yourself and help them through similar challenging times.
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1 December 2024 | 25 replies
Similarly, if you put all Class D tenants in a Class A 4-plex, what do you think will happen?
25 November 2024 | 3 replies
Once you find a lender that finances properties similar to yours, start building a relationship.
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26 November 2024 | 6 replies
If the comps pulled are selling between 280-290k and are very similar, should I be concerned with the end goal of this deal?
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26 November 2024 | 13 replies
I'm in a similar situation and am curious about what you did.