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25 April 2018 | 1 reply
I am looking at a large tract of land (over 30 acres) and want to know what are the best options on financing out there.My objective in the financing is to keep the payment low so my debt-income to stays low to enable me (or not prevent me) to acquire more SFH/STRs utilizing my remaining FHA loans over the next 24 months.I am a person with outstanding credit and no consumer debt, so the local bank offered me 6% with 30% down on a 20 yr note.
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21 February 2019 | 9 replies
Instead of paying capital gains taxes, investors now have the option to invest in a Qualified Opportunity Fund (QOF), which in turn makes investments in Opportunity Zone Census Tracts.
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27 July 2020 | 16 replies
I did find this in the forums posted by a NACA personTo find out if a home is in the Target Area for non-priority members:Go to this web site:https://geomap.ffiec.gov/FFIECGeocMap/GeocodeMap1.aspxGet the Tract Code for your State and County by searching here (State/County/Tract List):https://www.ffiec.gov/census/default.aspxIn that table, look in this column for that particular Tract Code: “Tract Median Family Income %”.If that number is less than 100.00, then that address is available to you; if the number is 100.00 or greater, that property is NOT available to you.
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1 October 2018 | 2 replies
I purchased a 10 acre tract in non-restricted, non-zoned area on a rather popular road connecting two rural cities just 25 minutes from main city (in the Austin metropolitan area).
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3 March 2014 | 3 replies
Properties needs updating throughout and house is average quality tract home in nice neighborhood, between 2200-2700 square feet and built between 1968-1972.
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31 December 2007 | 8 replies
As you may notice I live in Tucson and theres an abundance of "moonlighters" heck we live in a BRAND NEW tract and our person who comes out for problems suggested MULTIPLE times that if we needed an installation of whatever to call him up "there's plenty of guys who do cheap moonlighting after building homes on this site".
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11 December 2019 | 1 reply
I am a construction contractor as well.the scenario in front of me:deal 1: 3 commercially zoned tracts (3.6 acres) in a business park used for office/warehouses/stack yard. price for all three (contiguous) tracts $150k. within 1 mile there are similar tracts going for $300-600k. this is a killer deal on dirt. 2 plays here...purchase and then flip lots only separately for more money, or spec build to sell or lease out commercial buildings. current realistic potential lease rate for a 40×80 metal building with small office is 4000-5500k monthly. construction cost would be about 150k. building and land value around 500k on low enddeal 2: value add commercial medical office/general office space. price $200k Reno cost needed 10-15k. would lease at 2600-3200 monthly.
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21 December 2018 | 83 replies
I believe some parts of the University District, The Block Club pays for private security patrols, thats mostly along the 7 Mile section I'm familiar with that.This property though in the University District meets the characteristics of the census tracks to the south and west than its own neighborhood, or the more exclusive 7 Mile neighborhoods.Subject Census Track - $38,333 MHHI, 13.4% UE, $447 Median Rent, 31.8 Median Age, 19.9% below povertyUD Census Tract 2 (east of subject, runs along DGC) - $57,419 MHHI, 13.4% UE, $921 Median Rent, 41.9 Median Age, 8.95% below povertyUD Census Tract 3 (North of subject) - $94,153 MHHI, 13.4% UE, $393 Median Rent, 48.6 Median Age, 3.94% below povertyUD Census Track 4 (North of Curtis) - $67,181 MHHI, 13.4% UE, $940 Median Rent, 47.1 Median Age, .81% below povertyUD Census Track 5 (North of Margareta) - $92,663 MHHI, 13.4% UE, 38.5 Median Age, .45% below the poverty line
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5 April 2019 | 7 replies
Here's a map -- select "Qualified Opportunity Zone Tract" on the "layers" button --https://www.cims.cdfifund.gov/preparation/?
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18 July 2018 | 12 replies
I am in the process of selling a 5 acre tract to our parks department for 500k and they want to record our contract but they need my permission to do so.. right now I am balking because I don't want them clouding my title.