I looked into Section 8 quite a bit though previously, and what I found is that - even though it is a federal/nationwide program - the actual administration of the program is done at the county level and subject to change and minor differences from county-to-county.For instance, in counties around mine (i.e.

Originally posted by Ibrahim S:.... 7 bedrooms in an upscale neighborhood, particularly if it has at least 3-4 bedrooms is money in the bank, sold or rented. ...I assume you meant that emboldened instance of "bedrooms" to read "bathrooms", correct me if I'm wrong ...

For instance, I have a partnership where we formed a business and work multiple projects out of that business, meaning any dissolution could get complex since we could have multiple projects going on simultaneously.

However, you can also have a retirement account (like an IRA for instance) that has, as one of the investments, a money market account within it.

For instance, by statute NC law exempts the licensure requirements of 'casual' note investor of 5 or less notes/year.

For instance, if an apartment complex is 50% occupied, then use that percentage.

There was an instance before of one investor I knew who bought a house at auction.When the city annexed the area years ago houses had the option of connected to the street sewer and the city did it but it costs many thousands of dollars.This particular property owner connected to the street themselves without telling the city.So the new owner buys it and city wants to impose unknown usage charges and fines for years of illegal hook up.The property was having bathtub and drain issues and at first the new buyer couldn't figure out what was going on.The previous owner didn't also decommission the old sewage tank properly.The city worked with them to refix the line but they still had to pay reduced fines etc.

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??

All of these things along with unit mix and being multi level or one one level and location can affect what rent rates you will get and how long to lease up the new building (absorption).For instance usually a 200 to 300 unit apartment building is constructed in phases and takes a few years to fill up.

As a borrower, it's important to know this so ask as this information can go a longs ways in preventing headaches down the road.For instance, just because a bank my close SBA loans doesn't mean they'll fund every single deal that is an SBA candidate, has PLP status with the SBA, or doesn't impose their own overlays that superscede what what the SBA will allow.