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14 March 2024 | 5 replies
I don’t expect free mentorship and believe I could bring value in many ways (paying for time or even better bringing money into a deal where I can learn along side)End goal is transitioning out of SFR and deploying $800k-$1M into a scaleable asset.
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14 March 2024 | 6 replies
Do deals / make financial decisions that make sense BEFORE considering the tax benefits.
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13 March 2024 | 9 replies
Then typically there is someone on the backend who handles financials and whenever the exit is and how that would work.
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14 March 2024 | 5 replies
So while you may not see a gain in value over the next two years, over a 10-20 year span you would typically see excellent growth.Also unlike the last five years where operationally the operator could be awful but saved by appreciation, today it is all about the asset management.How can you reduce costs, are there ways to add amenities to increase rents.
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14 March 2024 | 8 replies
I was against the withdrawal and the penalties but to obtain a asset in this area with this CASHFLOW that will also appreciate 2-3% each year ...
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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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13 March 2024 | 5 replies
When selling a larger asset and wanting to purchase several smaller assets.
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14 March 2024 | 18 replies
Also I think there is some financial penalty for the mortgage originator if their loan is refinanced before 6 months, but am not certain about that.
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14 March 2024 | 1 reply
Socially and environmentally conscious investors are increasingly looking beyond just financial returns.
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14 March 2024 | 15 replies
It might be easier at that level to sell traditionally and find assets to offset that gain.