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7 October 2024 | 4 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
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8 October 2024 | 10 replies
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.
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8 October 2024 | 3 replies
I have looked into multiple "Angel Investor" sites (invstr.com, pitchbook, askforfunding) as our company is growing and we need to secure funding before we turn loans away.
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8 October 2024 | 1 reply
I used a conventional loan to secure the property.
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8 October 2024 | 0 replies
These systems are now under tighter scrutiny as privacy laws globally begin to expand.Here’s how regulatory changes are directly impacting the real estate industry:Tenant and Buyer Data Collection:Real estate firms collect sensitive personal data such as Social Security numbers, financial records, credit history, and background information.
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7 October 2024 | 7 replies
A return of 8-12% is generally considered good, but it will depend on your personal goals.Risk with Repairs: Major repair costs are always a risk, especially with a wide range like $145K - $200K.
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7 October 2024 | 6 replies
These loans are typically secured by real estate assets and can be repaid once your cash flow improves.Mezzanine Financing: This combines debt and equity financing, allowing you to borrow the needed funds with the option for the lender to convert debt into equity if not repaid on time.
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7 October 2024 | 3 replies
@Pat Aboukhaled wife & I have thought this would be a great use of failing malls for affordable housing.Unfortunately, as @Greg Scott points out, many people take the path of least resistance, which can ruin the idea.So, you'd want security cameras and maybe even security guards to hold residents accountable.
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9 October 2024 | 8 replies
I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.
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6 October 2024 | 12 replies
Initially, my goal was to secure a multifamily property using my VA loan for leverage, focusing on long-term rentals.