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22 June 2024 | 17 replies
This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.
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20 June 2024 | 23 replies
You can use delayed financing or show proof of rehab.
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20 June 2024 | 0 replies
They are well capitalized and qualified but preferred to minimize their overall risk and minimize out of pockets contribution while rates are elevated.
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23 June 2024 | 105 replies
But, with a little planning and thought and education you can help prevent a total unexpected loss, or minimize it.
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21 June 2024 | 3 replies
Minimal cash out-of-pocket, ($800), no banks, no hard money.
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22 June 2024 | 21 replies
Buying properties directly takes both a lot of skill and a lot of work, at least if you're going to minimize risk and consistently earn strong returns.
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21 June 2024 | 21 replies
.- Consult a Tax Professional: Work with a tax advisor to develop strategies that minimize your tax burden and maximize after-tax returns.10.
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19 June 2024 | 5 replies
Are there various strategies/corporate structures that can be employed to minimize the tax obligation to Canada when investing in the states?
19 June 2024 | 3 replies
Can you stomach going over budget, time delays, and having to pay the mortgage without any income coming in from the property?
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17 June 2024 | 7 replies
At that time, the builder will pay the accumulated interest along with the principal.We have discussed a few different options to structure this arrangement, assuming an interest rate for interest-only loans with monthly payments is 10%:Option 1: delayed interest with a rate of 12% (interest rate is 2% higher)Option 2: charge a lower interest of 8% then profit share (need to determine appropriate % split)Any other thoughts on how to structure this arrangement?