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5 December 2024 | 87 replies
If the worst is that the tax reporting is a little delayed, that's something I can live with.
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22 November 2024 | 9 replies
Toledo's Lucas County Metropolitan Housing Authority...LMHA which administers the Section 8 program seems to have had a difficult 2016 and 2017 doesn't seem much better.I've been renting to Section 8 for seven years now, I still have my original tenant in fact, and normally I find great satisfaction in renting to good tenants and working with the bureaucracy that comes with a government program...I had 10 properties rented section 8 at one point and have slowly prioritized standard rentals over the program and now am seeing blatant issues with their operations causing me to move away from considering their tenants.Delays in the program: We used to have 5 business day's delay for new-tenant vouchers to be reviewed and processed for inspection but have been going weeks before we hear anything.
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27 November 2024 | 48 replies
It depends on your goals and comfort level:Turnkey: If you want a property that’s ready to go with minimal hassle, a turnkey is a safer choice.
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23 November 2024 | 4 replies
If anyone has questions about:Seller financingSubject-to dealsWrap around mortgage dealsLease optionsStructuring deals with minimal cashI’m more than happy to connect and share what’s worked (and what hasn’t) for us.
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20 November 2024 | 3 replies
Also, new builds are not currently in our strategy (delayed profit realization).
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26 November 2024 | 17 replies
Their promise to package your properties into a commercial loan after reaching 5 properties could free up your DTI and provide a line of credit for scaling.Consider delaying aggressive HELOC repayment to preserve cash for new purchases, and explore portfolio loans or DSCR loans as alternatives.
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28 November 2024 | 26 replies
With the new rent control policies, there is zero incentive to lower rent as it may take years before you could recoup that with the minimal increases they allow.
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3 December 2024 | 51 replies
They understand that there's value in what they provide, which is steady, documented income, minimal turnover, steady payment, quality references, no drama, and peace of mind.
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19 November 2024 | 8 replies
As long as you don't finance the acquisition, you can start on a delayed finance post closing.
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27 November 2024 | 16 replies
While 20% down improves cash flow by eliminating PMI, it delays entry into the market, potentially missing appreciation.