Shondell Alford
Is My Salary/Pay To Low To House Hack?
11 October 2019 | 5 replies
https://www.ajc.com/news/local/atlanta-habitat-building-25m-affordable-housing-community/1tHAl0b7lPQbSKCSxJV7FO/#Looks like they will have homes in downtown in the 150k-170k price point.
Brianna M.
What low cost rehab work brought you the most value?
14 October 2019 | 14 replies
Keep in mind though that we are super hands on in terms of these projects which helps keep costs low:New Lighting (sometimes switching) but most often fixtures, and we do a lot of shopping on CL and at the local Habitat for Humanity Restore to look for dealsHard surface counters, we've refurbished a lot of granite remnants and have recently transitioned to doing concrete counters with epoxyLandscaping sometimes has a big ROI depending on the projectRe finishing hardwood floors - this is very labor intensive but can be beautiful result.
Patrick Garrett
Buying Tax Deed Property
19 October 2019 | 15 replies
As far as land is concerned, you can sell it for someone else to build a house on, donate it Habitat for Humanity, a church, or another agency(huge tax write off), eventually build a house on it myself(100k in construction could yield a $150k profit if the house sells for $250k...and you only paid a few hundred for the land plus another few hundred for the legal stuff lol), you can put a billboard on the land and rent it out, parking lot depending on the location, the options are truly limitless!
Joseph Moore Jr
Letting a property default to the county for not paying taxes
16 October 2019 | 18 replies
I tried to donate it to a charity like Habitat for Humanity but they won't touch it either.
Jeff Cliff
Efficient & cost effective way of handling demolition?
3 November 2019 | 6 replies
Old cabinets can be taken to Habitat for Humanity or be sold on FACEBOOK, etc..
Jacob Weiler
Yellow Letter: Non-Profit
6 November 2019 | 2 replies
We've got a little different model and can accept donated & bargain-sale properties, so I'm trying to differentiate myself from others sending out mailI'd love some perspectives on the letter and any tips to get a better response for our program, thank you againGreetings,My name is Jake Weiler, I work with Milwaukee Habitat for Humanity and we are interested in your property.
Tammy Skeath
New build, 4bd 3 ba pool home in Cape Coral FL
7 November 2019 | 1 reply
After some inspection we realized we could build around the burrowing owl without disruption to his habitat during the winter months.
John Acheson
what are you thoughts on starting affordable housing nonprofit?
3 December 2019 | 18 replies
most all nonprofits in this space are setup as state filed C Corporations that take the federal IRS Tax Exempt status later and make 1,000 copies of the determination letter to show to donors, states, cities, etc. to payNO property taxes, NO income taxes (IRS/states), NO sales taxes (states), etc. keeping costs downwhile providing deductions through donations that come from foundations, tax payers, corporations, etc. and there's a lot of collaboration with your tax payer dollars from govt.the biggest builder is probably Habitat for Humanity (Christian volunteer model), Proud Ground uses the Land Trust model and we like First Story's model based on working with for profit companies that donate materials and labor.The pieces of the affordable housing model that we DON'T WANT to use are "equity caps" and dependency on subsidies.Generally, the model has been to feed people fish.We want to teach them how to fish.So connecting renters to affordable home ownership opportunities/resources WITHOUT equity caps through small homes and free financial education can help some of the 100M Americans paying rent to many BiggerPockets millionairesso that renters can start their American Dream.We want our customers to be able to sell their small starter homes for a profit TAX-FREE under the primary home $250K/500K exclusion to be able to move up towards their American Dream.
Kelly Snodgrass
Keeping Expenses Low Build New Single Family Homes
13 November 2019 | 7 replies
There are also the Habitat for Humanity stores and other places with building salvage materials.
Jacob Weiler
Non-Profit Investing & Starting Out
4 February 2019 | 1 reply
Hi All,Brand new member here, we are starting a new program for Milwaukee Habitat for Humanity where we invest in & flip homes to raise funds for our Mission.Out of the gate, we're identifying and building our teams, I believe we've got a head-start on this We've got a ton of development to do but my main concern is finding a good deal early as a "proof of concept"We had 2 "Bargain Sale" properties come TO US last year and they went well, I'd like to show our organization the idea of hunting down deals is a winner as soon as possibleWith limited marketing budget in the very beginning, I'm planning on a driving for dollars approachI've read a bit about lists to provide some homes to target, mainly on listsource.com.