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4 October 2024 | 2 replies
If you fail to meet deadlines and satisfy the violations during subsequent inspections, Section 8 may abate their rental portion.
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7 October 2024 | 8 replies
After we move in 4-5 years, I would rent out both units.Pros:Potential for long-term appreciation in San Diego.Cons:The property will not cash flow enough to cover the mortgage while we are living there.After we move, it would provide very low returns and minimal cash flow.Would require a significant portion of my liquidity, making it harder to invest elsewhere and grow my rental portfolio.2.
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3 October 2024 | 4 replies
I just think it is vital to have some boots on the ground in the city where the investment property is, especially for smaller operators.
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4 October 2024 | 4 replies
I would also let the caseworker (or whoever you talk to) know that the tenant has not paid you their portion of the rent.
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4 October 2024 | 8 replies
It's entirely possible that you can deduct mortgage interest, utilities, property taxes, insurance, repairs and other expenses associated with the portion of your property which is rented to others.
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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. ”)
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8 October 2024 | 36 replies
If you prefer rentals in B or B+ neighborhoods instead (mainly for higher tenant quality, lower crime rates, and better long-term appreciation potential) and don’t mind broadening your search beyond Huntsville, other more affordable locales in Alabama—like Birmingham, the state’s largest city—could be a good fit.We’re active in suburbs on the west side of Birmingham like Adamsville, Forestdale, Sylvan Springs, and Pleasant Grove, and a good portion of properties there meet the 1% rule.
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4 October 2024 | 27 replies
Keep in mind with the FHA loan on 3-4 units, there is a self sufficiency test as part of the qualifying portion.
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5 October 2024 | 9 replies
Go where your income to cost of living is the greatest ratio, hands down.A good portion of my borrowers buy out of state and use property management to deal with the properties.If your in college you've gotta increase your ACTIVE income, before you get passive income.
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7 October 2024 | 12 replies
The property has become increasingly costly to maintain, and a significant portion of our cash flow is being directed towards repairs.