Amit Chugh
Section 8 Property
5 January 2025 | 5 replies
In that scenario Section 8 tenants are the least risky tenant base.
Vivien Martin
New member from the Chicago area!
7 January 2025 | 16 replies
Based on some of the research done, I am inclined towards starting out with a small multi family investment property (2-4 multi family home).
Kyle Carter
Apartmetnts with all section 8 tenants
5 January 2025 | 7 replies
In that scenario Section 8 tenants are the least risky tenant base.
John Friendas
$280,000 house that rents for $2,500 Worth Buying?
5 January 2025 | 7 replies
Based on its price and rental income do you think it is worth it?
Kyle Kulhanek
Retitling a property to an LLC - Chicago
15 January 2025 | 3 replies
Typically, the tax is based on the assessed fair market value of the property at the time of the transfer, even if it’s not a traditional sale.
Joshua Parsons
Really long distance investing (International)
15 January 2025 | 23 replies
If your brother is an E5 or higher he can live off base.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Jacob Valdez
My First Home Purchase
3 January 2025 | 1 reply
Purchase price: $160,000 I purchased a two story home by a military base from a family member for $160,000 but it is worth more.
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
I would not advise to steer clear of this test based only on you having a job.
David Putz
Lets hear what Note Servicers other Note Investors use.
2 January 2025 | 29 replies
Just by having those two traits they are in the top 25%, based on my experience.