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8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.
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8 January 2025 | 9 replies
You're likely looking at a 25% down loan for a non-owner occupied.
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31 December 2024 | 8 replies
Instead, shut off the water to the toilet and place a sign on the door "Art exhibit: Non-functioning bathroom."
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3 January 2025 | 18 replies
Looking ahead, once you secure a tenant, perhaps this is something that should be explored to make the next lease up easier.Also, @Caria Mitchell raised an interesting point in saying: We are experiencing a shortage of qualified applicants, I’ve noticed non-conventional applicants vs qualified applicants that don’t have a voucher or some form of subsidy.
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31 December 2024 | 18 replies
Your thought to move that portfolio out of state (and maybe a retirement move to a non-taxed state) would be very timely right now.
31 December 2024 | 1 reply
(I'm non confrontational)The plot has a native American burial site, which we spoke to a tribe member and gladly let them onsite for rituals and practice.
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2 January 2025 | 12 replies
Any kind of non QM financing will have higher closing costs compared to conventional.
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4 January 2025 | 11 replies
Note that active income isn't the same thing as non-passive income, it's lower bar that just requires that it's a business activity that isn't just entirely passive.
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7 January 2025 | 13 replies
Hearings take place in the small claims court which is designed for non-attorney litigants and has relaxed procedures and rules of evidence.
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19 January 2025 | 51 replies
If I have a problem with my newspaper delivery or something equally non-critical, I'd like an answer or fix now, but if it's later today or tomorrow, not a big deal.