Andrew Fidler
Anyone else having problems with LMHA Section 8 in Toledo???
22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.
Ilija Sladojevic
JV and sharing my properties that are under contract with someone else.
19 November 2024 | 5 replies
If you want to JV your wholesale deals you want to do it with someone you know, like, and trust over time and have met in person.There’s nothing more wasteful and inefficient (in the private sector) than financial intermediaries engaging in a “daisy chain” to try to close “undoable” deals.
Muhammad Kashif
Options for cash only passive RE investments
17 November 2024 | 9 replies
You could be a private investor for a house flipper, but then you would be the bank and I am not sure how that would sit with your faith.I would park the money in index funds if you can't do syndications just because you are restricting the possible use of your money in real estate.
Robert Frazier
Looking to learn. How have you scaled flipping with financing and systems?
19 November 2024 | 4 replies
I would either use HML, Private Money, or partners if you are looking for help on financing these types of deals and building a business.
Randall Ayers
Ghosted by Next-Financing
19 November 2024 | 12 replies
Thanks @Melanie Johnston - NEXT is a private money lender.
Collin Schwartz
Trading W-2 for Self Management- 0-92 Units in 16 months!
1 December 2024 | 377 replies
I have also used hard money and private lenders as well.What Started my obsession with REI:I, like many of the individuals on BP was frustrated with the lack of freedom as well as minimal feeling of accomplishments through my 9-5 job.
Sherrie Wilson
To LOFT or Not to LOFT
16 November 2024 | 2 replies
((Basically a "Loft" layout, but enclosing half the upstairs -to be a more private upstairs bedroom with it's own toilet & sink))....
Alexander Williams
New member alert!
18 November 2024 | 9 replies
He's no longer hosting the podcast on BP, but I think his private podcast is more authentic.It's hard to give book recommendations without knowing what you are trying to learn.
Loren Becker
Assignment using a C.A.R purchase agreement
20 November 2024 | 20 replies
But for off-market/private party transactions, you are free to have your lawyer draft up a contract for you to use.
Chris Williams
Deal Going Sour
15 November 2024 | 18 replies
I got started with private money back in 2009 and those were scary times.