
26 February 2024 | 9 replies
Additionally, think about the rental demand in your area and how that might affect your vacancy rates.

26 February 2024 | 15 replies
Additionally, considering the average cap rate in the area could give you a better idea of whether this property is a good investment compared to others in the same area.

25 February 2024 | 25 replies
So I'll initially start with the minimum loan size with some cash reserves taking up the additional space between there and purchase price.

26 February 2024 | 5 replies
Perhaps, we look in to utilizing the equity to acquire additional property?

25 February 2024 | 6 replies
If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

26 February 2024 | 7 replies
For a park on septic they would likely pass or at least ask for a pretty big additional discount.Tons of other things to consder but those are some big upfront ones.

25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.

26 February 2024 | 29 replies
I'd let the property management company know that your insurance company denied the claim you filed and have them contact their property management insurance (E &O) in addition to sending you the contact information to their insurance agent's name, contact information, and policy number.

28 February 2024 | 13 replies
In addition to that I love accounting and tax and love helping people and pointing them in the right direction even if our model isn't a fit for them hit me up any time!

26 February 2024 | 1 reply
Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property?