Samantha Stephens
Purchasing a HUD home
25 November 2024 | 2 replies
We are currently looking at a HUD home in Georgia - I have a couple of questions and can’t seem to find a definitive answer - The home is currently in the OO listing period - our plan would be to buy the home doing extensive renovations (the home is in a “Historical” area so renovations have to be approved) once completed we plan on living there full time - it could take ip to a year to complete or longer I don’t know - as I see it the OO designation is to be the OO for a min of 12 months - is this after the home has been renovated or after you close on the home - though the house could probably technically be lived in now it does have some water and roof damage and needs complete redo of electrical and plumbing - for me to deem it safe - so not really livable by normal standards - but no way it would be livable in just a couple of months - any thoughts or an actual answer to the OO rules
Jay Hinrichs
MF owners how are you going to keep tenants with EV's
28 November 2024 | 22 replies
A 14-50r plug was always the preferred method, especially before the world woke up and switched to the Tesla charging standard.
Tyler Gilpin
Can I section 8 trailers?
26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
Samantha Springs
Selling Investment Property to Pay Down Primary Mortgage
2 December 2024 | 21 replies
People talk about it like it's standard and easy to do but you do not want to find out after you've sold the other property that it isn't possible so just proceed with caution.
Tom Carmody
Condo Hotel (Condo-tel)
24 November 2024 | 27 replies
No idea if it is accurate or if anything has changed since then, but it indicated the following:PROGRAM 1 Owner use up to 2 weeks 50% of Adjusted Gross Standard FF&E in high season & 2 weeks Revenues from the Unit and accessory in low season package required.
Andrew Bosco
Data Warehouse - The know hows!
20 November 2024 | 2 replies
Here's some background: Data warehouses need the following: 20-50 megawatts of power, land (3, 9000+ square foot facilities within arms distance of each other), water and fiber optics. 1.
Steven May
RV & Boat Storage Facility Purchase
12 November 2024 | 1 reply
Purchase price: $350,000 Cash invested: $74,000 Purchased this 28 unit RV & Boat Storage facility in Missouri. 2023 construction - 100% occupancy at purchase.
Marita Jojo
Tenants locked themselves out at 10 pm
23 November 2024 | 20 replies
They are often too complicated for tenants to figure out, they have too many ways to fail, and they are often easier to circumvent than a standard key lock.I use Schlage electronic door locks with a simple numeric keypad.
Vishal Chandan
Does the credit need to be unfrozen till closing?
25 November 2024 | 7 replies
Hey Vishal, yes that is standard.
Omari Brown
Direct Mail In-house vs Outsourcing?
25 November 2024 | 23 replies
This gets your yellow letters down to .309 per piece, standard mail.