Legacy has attendees fill out a questionnaire about their goals and aspirations in real estate investing.... however, on that same sheet are 3 specific questions on your household income, investment holding you may have and assets in your name.

(Business Insider)Additionally, total household debt is rising higher.As are credit card defaults.

Given the sheer magnitude of the apartment pipeline underway, contrasted with the historical demand which falls significantly short of the supply being added, there is cause for concern for apartment owners and developers.Huntsville’s population and household growth will need to continue to accelerate in the next two years to absorb all of the new units.

My thoughts for us average Joes:-Start by managing your household like a business.

The money then must be invested into a development or business in an opportunity zone within a year.The development typically must be done within three years of receiving capital to qualify for the tax break.After 10 years, investors can cash out and not owe any taxes on the profits, including their original stake that came from capital gains on other investments.Chris Loeffler, CEO of Scottsdale-based Caliber, which has a $500 million fund to invest in opportunity zones, gives this example of how it can work: An investor nets $10 million in capital gains.By making a standard investment, growing at 8% annually and paying applicable taxes, the investor’s original $10 million would be worth approximately $12 million after 10 years.By investing the same amount in an opportunity zone, earning the same return, and eliminating capital gains taxes, the value would be approximately $18 million after 10 years.It’s yet unclear how much the tax break will help areas struggling to attract affordable housing, local businesses and jobs.HOW ARIZONA CHOSE OPPORTUNITY ZONES To qualify as an opportunity zone, areas must have 20% of its households below the poverty rate, or have a median family income of less than 80% of the region or state's median family income.In metro Phoenix, where the median family income was an estimated $63,686 as of 2015, that’s about $50,950.The federal government required states to use U.S.

You need to ensure the total household income approximates the original group, and/or have Golden Guarantors.

-Foreclosure activity was up 28% from the previous quarter (ATTOM)-Household savings is below 2019 levels for 80% of Americans.

Households are consolidating and that will hold rents down and vacancy up.

We have about $70k saved up, household income is close to $200k, credit score at 750+ both and we don't have a mortgage so I believe we have a decent chance of getting an approval should we pursue this.I just want to get an insight from seasoned investors here in Detroit area or suburbs.

In turn, you will be required to provide 30% of monthly gross adjusted household income (based on current HUD standards) towards your monthly rent to HOPE South Florida.