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15 March 2024 | 6 replies
Just wondering if property owners here retain property tax consultants or attorneys to help fight increased assessments, classification changes, or other issues with their property?
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13 March 2024 | 12 replies
Hi all, I’m just getting into real estate investing with my parents in the Ohio area. Currently working out of Miami, Shelby, and darke counties. Would love to network and meet some like minded locals.
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14 March 2024 | 8 replies
Seek out real estate with a positive cash flow after upkeep, insurance, taxes, and mortgage payments.
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14 March 2024 | 4 replies
My goal is to build a substantial portfolio, aiming for two more houses by the end of the year and continuing.As a newcomer to Detroit, I am seeking your insights on the best areas to invest in.
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14 March 2024 | 2 replies
That trend stopped after the 70's but manufactured housing was a major contributor towards creating stable affordable housing.If we want to tackle our housing shortage we need to get serious about it.Here is a quick summary of the HUD changes: HUD Actions for Manufactured Homes and Communities:HUD announces a comprehensive set of actions to increase availability and affordability of manufactured homes.These actions are part of the Biden-Harris Administration's Housing Supply Action Plan.Manufactured housing is a key component in the strategy to boost housing supply and reduce costs.Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program:HUD launches the PRICE Program, a $225 million competitive grant opportunity.The program aims to preserve and revitalize manufactured housing and communities.Funding supports repairs, rehabilitation, replacement of units, infrastructure upgrades, and community resilience.Available to states, local jurisdictions, tribes, nonprofits, community development finance institutions, and other eligible entities.FHA Draft Policy for Manufactured Home Communities:FHA posts a draft policy to solicit public feedback.The policy aims to promote stability and affordability for individuals and families in existing manufactured home communities.Allows resident-owned cooperatives and mission-oriented borrowers to access FHA-insured financing for purchasing or refinancing.Updates to FHA's Title I Manufactured Home Loan Program:HUD announces updates to FHA's Title I Manufactured Home Loan Program.New methodologies for calculating loan limits to align with current market pricing.Expects the new loan limits to incentivize more lenders to participate and expand program usage by buyers of manufactured housing.Annual Recalculation of Title I Loan Program Limits:FHA will recalculate Title I loan limits annually to keep pace with home price changes over time.This ensures that the loan limits remain aligned with market conditions.Ginnie Mae's Title I Loan Securitization Program:Ginnie Mae takes steps to reinvigorate its Title I Loan Securitization program.Revisions to financial eligibility requirements for Title I Issuers to reduce barriers and increase lender participation.HUD's Ongoing Support for Manufactured Housing:These actions build on HUD's continuous efforts to support manufactured housing.Earlier actions include a proposed rule for the Community Development Block Grant (CDBG) program emphasizing the needs of manufactured housing communities.Recent Updates to CDBG Notice:HUD updated the CDBG in Support of Housing Activities notice to allow the use of funds for acquisition of manufactured housing units, services to homeowners, and investments in infrastructure and resilience for manufactured housing communities.
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14 March 2024 | 11 replies
Everybody has their own crystal ball, but I wouldn't bank on net increase in rent 2-10 years.
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14 March 2024 | 4 replies
Hi everyone,I recently came across a property that I am considering purchasing as a primary home (possible future rental property), and I would greatly appreciate your advice and insights on whether it is a good inves...
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15 March 2024 | 4 replies
I see the upside in owning a park - the land values are likely to increase over time if in quality areas but what about the homes themselves?
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15 March 2024 | 7 replies
Maybe that will be an excellent way to increase the overall occupancy.Still, I think you are doing quite well!
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14 March 2024 | 3 replies
Before cash refi, my payment was only $1990should I sell this property or increase value by adding Adu?