
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.

20 June 2024 | 33 replies
This is a short yet balanced review of FIG. 1.

20 June 2024 | 6 replies
Premium RE, high COC return like a luxury STR or small balance multi family could be a good partial anchor.

20 June 2024 | 5 replies
Otherwise, you can achieve it by gathering a team, hiring a project manager, partnering with a sweat equity partner, or using turnkey BRRRR companies.

20 June 2024 | 17 replies
They are usually paid a fee of 25%, 30%, or 35% on the taxes they save you, IF they are able to achieve a property value reduction.

21 June 2024 | 21 replies
By leveraging your equity, considering new investment types, and possibly bringing in partners or professional management, you can continue to grow your portfolio and achieve your financial independence goals.Best of luck, and keep us updated on your progress!

22 June 2024 | 21 replies
Search for "Achieve Financial Freedom 4x Faster with the “ROE Rule” of Real Estate"My gut: If you're ROE is low and you can sell it cap gains free, then sell it and smile to the bank.
21 June 2024 | 14 replies
@Michael KattouahOne of the few things that I've learned in college that has actually stuck with me is that life is an income statement game, not a balance sheet game.I'll pay you $100,000,000 for a $300,000 house if you let me pay you $1,000 a month for the next 8,334 years.

22 June 2024 | 129 replies
Sellers are still nuts.Just technically speaking... around 6 months inventory is considered a balanced market, less than 6 months is a sellers market and more than 6 is a buyers market.

17 June 2024 | 16 replies
For example: If your credit limit is $500, you want to carry a balance of $45.00.With this $45 balance would you never pay it off?