Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Milton Chamberlain Kansas City MO NEW Source of Income Discrimination Ban Ordinance
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.
Ashley Ernst Looking for lender that does DSCR Cash Out immediately
20 June 2024 | 23 replies
You can use delayed financing or show proof of rehab. 
AJ Wong Homes Prices up nearly 50% since the pandemic - How to cash out and reinvest equity
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. 
Brian Bradley Asset Protection for Real Estate Investors
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.
Michael Carbonare I turned $800 into $10,000 in six months. You can, too. Here’s how I did it. . .
21 June 2024 | 3 replies
Minimal cash out-of-pocket, ($800), no banks, no hard money.
Dave Ivery Why do so many people fail to get started?
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.
Olivier Colson Real Estate Growth strategy - need advise
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.
Anthony Quint Canadian buying Multifamily in Canada vs US
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?
Robert Fonner Develop or leave as cash flow?
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?
James Blair Private Lending - Delayed Interest Options
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?