
26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.

27 November 2024 | 26 replies
If they understand that I am not responsible, I may provide a small rent credit as a token gesture.

28 November 2024 | 14 replies
I can get my GC license fairly quickly and without too much hassle from prior experience.

26 November 2024 | 5 replies
My area generally has fairly long term renters.

24 November 2024 | 2 replies
What you will be looking in is chapter 4, credit underwriting.

25 November 2024 | 19 replies
Renewals and rent increases- Research market rates; 3% is fair, but adjust if you’re far below market.

25 November 2024 | 11 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

3 December 2024 | 51 replies
@Jennifer Hung While I do not know their work personally, I think it's fair to assume that one shouldn't do business with someone who was/is being investigated by an Attorney General and the FBI.

25 November 2024 | 12 replies
I checked online and generally folks say Bank of Texas or local credit unions.Thanks!

25 November 2024 | 11 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.