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6 September 2024 | 4 replies
In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.Most, not all, are eligible for government assistance due to a funeral-march of bad choices.REALITY: you are trust trading one set of problems for another.You can succeed with S8, but you need to understand the challenges and plan accordingly.
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6 September 2024 | 8 replies
Whom am I to believe, you, a professional in the business for 10+ years with a verifiable track record of success and a willingness to provide information based on your experience and education at no charge, or my guru who has never run a note business and has been banned from the securities industry for life for violations related to stock dumping 6 years ago?
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2 September 2024 | 24 replies
Just because someone does not have a social security number does not mean they are undocumented.
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8 September 2024 | 13 replies
There are often unexpected expenses, and you want to make sure you have enough cushion to get through those surprises.Given the current low inventory environment, I would say securing a good deal is challenging (though not impossible) in general.
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6 September 2024 | 8 replies
@Jackson Grantham Investors with partners often transfer the property title to the LLC after securing financing in their personal names, though they should check for a "due-on-sale" clause.
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11 September 2024 | 69 replies
.- Almost impossible to get any kind of unit damage paid for beyond what you have in a security deposit The rest of your statements about the homes needing a ton of work, contractors costing the same, and dealing with properties that are very tough to force appreciate are spot on.I personally do not invest in Section 8 housing anymore because they are normally cash flow purchases.
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6 September 2024 | 0 replies
The promise of financial freedom, building wealth, and creating long-term security is enticing, but the path to get there isn’t always clear—especially when you’re just getting started.
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6 September 2024 | 5 replies
I have considered this, but due to Denver being such an expensive market to get started in my current plan is to keep buying using personal loans to secure the property for less money down.
5 September 2024 | 3 replies
An estoppel is just a verification of rent and security deposits.
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5 September 2024 | 1 reply
As we all know, we need a deal to secure funding and being a bigger pockets pro member the Invelo platform sounds like a great resource.