Michael Chalke
Raising rent on a section 8 tenant in Passaic County, NJ
7 October 2024 | 19 replies
We find it highly unlikely that the Legislature, having demonstrated its strong commitment to the protection of tenants from unjustifiable evictions, would have intended to permit the eviction of an exemplary tenant solely for the reason that the federal government has found her qualified to participate in the Section 8 housing program pursuant to which the government pays a portion of her rent. ”)
Gagandeep Singh
Is there any market that still meets the 1% rule?
8 October 2024 | 36 replies
These wholesalers used to sell to institutions but now that they're not buying as much, they're searching for retail investors.
Kerry Noble Jr
Anyone sell tradelines?
4 October 2024 | 29 replies
They tend to have no problems if you have a spouse or your children, or essentially some immediate family member listed as an authorized user, though.I know several people that were doing this, and their financial institutions ended up closing their cards on them.
Steve Wilson
Tax Sale/Foreclosure Occupants Best Practices
3 October 2024 | 0 replies
I haven't participated in foreclosure sales but my understanding is that the same issues with occupants apply.
Darnell Robinson
DSCR loans for $50-$80k purchase price
6 October 2024 | 33 replies
The value and loan amount is too low for institutional lenders.
Jessica Althoff
Seeking Strategic Gap Funding Partnerships
3 October 2024 | 9 replies
I raise this because there’s no true regulations and it’s truly the Wild West of lending with tons of questionable participants.
Lee L.
Stessa vs. Landlord Studio, vs Quickbooks.
7 October 2024 | 24 replies
Yes, they do not participate in Zelle, but that is not a problem.
Alexander Szikla
Multifamily Market Heats Up: Cap Rates Rise, Investors Return
2 October 2024 | 1 reply
Institutional investors are returning to the market, evidenced by increasing transaction volumes in July and August.Supply dynamics vary across regions, with markets like Chicago, Milwaukee, and Pittsburgh benefiting from limited inventory growth below 2%.
Davion Smith
Starting out in Multifamily property investing
1 October 2024 | 13 replies
It requires a higher down payment and remote management, which can be harder without a strong team.House hacking with a VA loan is better for hands-on management; DSCR is great if you're ready to start from a distance.From a tax perspective, if you intend to qualify as REPS or have material participation in STR, being overseas will prevent that.
Jacqueline Lee
Is “OPM” real or a myth?
2 October 2024 | 15 replies
So, if a “typical” transaction would require 20% down payment to go along with an 80% institutional loan, then if I brought in a couple of investors who funded 10% each and I as “sponsor” received a 33% ownership interest as “promote”, I would have used OPM for that 20% down payment.