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6 February 2025 | 58 replies
There are many good locations - I'd suggest that you play around with the "Market Finder" tool at the top of the screen here, included with your pro membership.
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31 January 2025 | 10 replies
It's important to keep in mind that everyone you hire is providing you a service - no one is guaranteeing you any outcome.
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8 February 2025 | 49 replies
This provides an excellent opportunity to purchase properties, make light renovations to increase both rental income and property value, and optimize cash flow.
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13 February 2025 | 13 replies
To help expedite the rental unit approval/inspection, you can also talk with your local housing provider that runs the Sec 8 program what basic items they look for and make sure you have those covered.
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3 February 2025 | 5 replies
The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.
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11 February 2025 | 4 replies
•If there’s high competition (many active rentals in the area), you won’t be able to price at the top of the market since tenants will have plenty of options.3.
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19 February 2025 | 32 replies
Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8.
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18 February 2025 | 17 replies
The upper story and deck of the residence come out over the top of the motel forming kind of an exterior corridor or breezeway that pops out on the front of the building.
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18 February 2025 | 12 replies
Learn ways to maximize your revenue like mabe additional guest packages to sell on top of the stay.
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22 February 2025 | 5 replies
They provide lines of 0% credit with an 8% fee, hard money and DSCR loans among others. https://www.rammfinancial.com/Thoughts?