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22 November 2024 | 12 replies
They have three days to complete and return it.This not only ensures transparency but also helps avoid any misunderstandings about the property's condition.
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21 November 2024 | 14 replies
They typically have soil scientists in-house that can analyze the soil for you and provide you with a detailed report of the conditions and give you recommendations on how to prepare the soil for construction.
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25 November 2024 | 23 replies
I think it depends on the condition of the property whether it needs full replacement of most parts or just cleaning refreshing.
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22 November 2024 | 15 replies
You need to have it fully stocked so people can cook while they are there and I tell you it is very important.You need to setup regular services for the hard systems like furnace, AC etc to keep them in top condition.
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20 November 2024 | 5 replies
It also depends on market conditions and availability of cash in the market, both of which will create more or less "meat" so to speak in the deal.
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20 November 2024 | 1 reply
They can take time with their search and be more selective about a property’s location and condition.
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21 November 2024 | 19 replies
This website (https://www.affordablehousing.com/housing-authority-mi/) allows you to compare the average price, condition, and size of homes available for Section 8 rentals.
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26 November 2024 | 127 replies
I originally invested in properties here because I live in the province, but the difficulties of managing properties under the current regulatory and economic framework have led me to plan for selling my properties within the next few years, once market conditions stabilize.
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18 November 2024 | 11 replies
Typically it is asking too much for rent, but it could be your advertising is poor or your property is not in good condition for that area."
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21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.