When dealing with federal, state, and local NOFA (notice of funds availabilities), do government funds allocated for affordable housing often get depleted from too many developers requesting funds for new projects?

.: Self-proclaimed “Short Sale Queen” and associates indicted in federal mortgage fraud schemeTuesday, December 3, 2024For Immediate ReleaseU.S.

Pay cash.  

@Jordyn Ohs Assuming your heloc is re-advanceable and the rate is higher than your mortgage, I would suggest you pay your HELOC down as quickly as possible with any cash flow from the properties.

You’re paying $70k in “non-deductible” interest in exchange for less deductible interest. 

The terms remain the same, we still pay the monthly mortgage payment.

@Muhammad Kashif Flipping a property in 6–9 months results in short-term capital gains, taxed as ordinary income (up to 37% federally, plus NJ state taxes up to 10.75%).

Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.

He said the federal government would pay fire fighting costs.i think the state and local governments should use eminent domain and take the land, rezone it for condos and multi-family, install mass transit and better transportation systems and turn difficult to defend areas into parks.

Out of curiosity would anyone be willing to share any experience with non-paying renters who've vacated the property prematurely?