Lorraine Hadden
Will Mortgage Rates Go Below 3% Again?
2 January 2025 | 18 replies
Do you know your clients: what can they truly afford not "pre qual" or "pre approved" for, what are they looking to buy?
Jeffery Jones
Section 8 properties
8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
This now places their use back subject to your approval, so their own claim via AP/EP statute is reduced.
Anne Christensen
Loan Information Needed on Out of State Investing
17 December 2024 | 9 replies
I am assuming I should only apply for one loan approval since pulling my credit score/history will lower my credit number.
Leon G.
Getting out of the rental business after 10 years
10 January 2025 | 67 replies
Multifamily doesn't need any more pressure/demand since cap rates can really get low when too many people pile in, but I have to say that commercial real estate (including large MF) and other types of passive investing (mobile home parks, storage, etc.) can really make like much easier.
Isla Arshad
Tenant Pays Rent Late and now Claims Harassment when filing for 10 days Notice
7 January 2025 | 13 replies
You probably had a gut feeling when you first approved her, but you hoped it would work out.Stop communicating with her.
Ray Tetu
Best WATER METERING purchase options?
19 December 2024 | 1 reply
They should have local options with teams they approve of.
Sara Donohue
Need Advice: Creative Financing for $100K Land Purchase
24 December 2024 | 3 replies
If you believe you will be financially ready to build a year from now, perhaps you enter into a lengthier contract where you can obtain all of your building approvals and then settle at a later date.
Alex V.
Horizontal Construction Lending- Subdivision
24 December 2024 | 3 replies
I also have this same question about a Multifamily deal we have where we will need to purchase land before approvals.. you’d think being in this as deep as we are we’d know this answer but, it’s actually proven to be a pretty difficult thing for me to come across even with speaking to several people in the industry.. my own mother is 32 year lender.
Kathy Yao
Need help with a deal analysis
16 December 2024 | 4 replies
For the historic district, I would just make sure that you fully understand what requires approval and what that process looks like.