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7 November 2024 | 22 replies
Few hundred bucks and they'll handle everything for you and you'll receive the entity docs in 5 days or so.
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8 November 2024 | 31 replies
They are willing to pay a few hundred dollars above market rents and would have essentially 0% vacancy since the sober living company would be on the hook for the lease, not the sober living tenants.
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3 November 2024 | 24 replies
no I have not purchased the home yet -but I’m educated and working with a realtor who understands the process.1st- you have to be a recipient of a section 8 housing choice voucher /in the program and in good standing2nd you need to be in the rental unit and in the program for a year minimum3rd you must to be in a “participating housing authority” or PHA because not all Housing Authority’s participate in this rent voucher -to -home mortgage voucher program4th it may ( or may not) require recipient enrolling in an additional sub program called families for Self Sufficiency ( FSS) which has a class that teaches voucher holders how to use the voucher for a mortgage payment5th I’m working with a realtor who understands the process - has used it for dozens if not hundreds of clients. it’s going to be VERY hard for anyone unfamiliar with government processes to get through it successfully. note I’m also utilizing first time savings plans IDA‘s and local first time homebuyer grants and a USDA 502 direct low income Rural loan. and my own funds.All aid mentioned can be “stacked” to lower mortgage & create long term affordability.
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7 November 2024 | 51 replies
If they hit their numbers they would be leaving hundreds of thousands of dollars on the table by financing with equity instead of debt.
5 November 2024 | 14 replies
But, if they are flippers/rehabbers, investors, property managers, I could see that being a benefit.And I would certainly be looking at flight options into either market, as I couldn't imagine putting hundreds of thousands of dollars into investments in a market with visiting those investments at least a couple times per year.
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4 November 2024 | 14 replies
To fix this problem without involving all of this shenanigans would probably only cost a few hundred dollars in materials and a few hours labor.
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4 November 2024 | 33 replies
Appraised value is going to look at comparable based on distance...while the market may value 2 properties, literally across the street from each other differently by hundreds of thousands of dollars.Investors for decades that do cash out refinances, or BRRRR as we now call them, have known this for decades.
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5 November 2024 | 22 replies
I'm not a lawyer, so I don't know what I don't know.Looking at the vast number of court cases in the public database, I find only one property our of several hundred that appears to be represented by the landlord.
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1 November 2024 | 3 replies
I focus in the Worcester MA market and own a couple hundred units around here.
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2 November 2024 | 15 replies
Yes to meetups one hundred percent and no, you won't get pitched if you go to the right one.