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7 February 2025 | 6 replies
@Asseille OdelCFRI.netCheck out the calendar of events and start volunteering - it’s the best way to meet people there.
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14 February 2025 | 24 replies
Yes Joel, That would be a business purpose DSCR loan.
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19 February 2025 | 32 replies
Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8.
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21 January 2025 | 4 replies
If you like impacting the nation by providing affordable housing you can really put people in houses here.
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19 February 2025 | 13 replies
I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.
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11 February 2025 | 16 replies
I find single ADUs are mostly being added by people with minimal RE investment experience often without a clue as to the value that will be added by the adu addition.
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27 January 2025 | 17 replies
.: Quote from @Chad Hale: I used QB when first starting my property management business.
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5 February 2025 | 3 replies
I am brand new to this app, and wanting to connect with people who have done wholesaling with minimal money of their own involved.
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30 January 2025 | 6 replies
They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.
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6 February 2025 | 6 replies
I just can’t imagine how everyday people spend this much money on pipe.I don’t think insurance covers any of the foundation repair, also wonder if insurance will cover any of the sewer line repair work?