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22 November 2024 | 9 replies
Toledo's Lucas County Metropolitan Housing Authority...LMHA which administers the Section 8 program seems to have had a difficult 2016 and 2017 doesn't seem much better.I've been renting to Section 8 for seven years now, I still have my original tenant in fact, and normally I find great satisfaction in renting to good tenants and working with the bureaucracy that comes with a government program...I had 10 properties rented section 8 at one point and have slowly prioritized standard rentals over the program and now am seeing blatant issues with their operations causing me to move away from considering their tenants.Delays in the program: We used to have 5 business day's delay for new-tenant vouchers to be reviewed and processed for inspection but have been going weeks before we hear anything.
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20 November 2024 | 6 replies
I am prioritizing cash flow and number of units to try to mitigate some risk of all the eggs in one basket.
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25 November 2024 | 14 replies
Prioritize due diligence, including a thorough property inspection, financial analysis, and legal review.
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1 December 2024 | 91 replies
I mean, it's always done differently, but it's the same script just different players.
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26 November 2024 | 127 replies
I prioritize applicants with a high income-to-rent ratio, a good to excellent credit history, and a stable employment record.
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19 November 2024 | 2 replies
Prioritize your financial stability.
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20 November 2024 | 9 replies
**Income Focused**: DSCR loans prioritize the income generated by a property rather than the borrower's personal income.
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19 November 2024 | 8 replies
Two big players in Cedar Rapids are Grace Gudenkauf and Amelia McGee.
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26 November 2024 | 44 replies
It'll give you so much clout.When you are seen as a player and someone who closes on deals, that's when the calls come.
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22 November 2024 | 28 replies
Rather than comparing Lenders/DSCR loans solely based on these factors, I would advise you to focus on below questions and prioritize what you really need in the DSCR loan/Lender?