Stepan Fedetskiy
Looking to get into section 8.
6 September 2024 | 4 replies
In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.Most, not all, are eligible for government assistance due to a funeral-march of bad choices.REALITY: you are trust trading one set of problems for another.You can succeed with S8, but you need to understand the challenges and plan accordingly.
Judd Campbell
Overseas living and managing rentals FEIE
7 September 2024 | 9 replies
because she declares income while being overseas, she can exclude the first 120k from federal taxes.
James McGovern
AI will drive the need for more Data centers which should be good for Real Estate
6 September 2024 | 5 replies
Have friends working in this space along the Columbia River in WA/OR that oversee the data centers, and working with friendly government was key to their growth.
Sarah Williams
Can we foreclose on a property without a lawyer?
4 September 2024 | 2 replies
You will want an attorney and try and get it through federal court as district court will take 3+years (if you are near the city expect 5 years then several years to evict)Through federal court you may be able to get it done in 2-3 years.I strongly recommend you offer a nice cash for keys package.
Kyle Collette
Matt Motil Cleveland Private Money
6 September 2024 | 39 replies
In the majority of fraud or Ponzi Scheme cases the common theme seems to be that the money is mostly gone, and whatever is left runs out before a large portion of the victims are made whole.Sounds like the majority are first position mortgage holders.. this is super simple find an attorney that specializes in mortgage foreclosures and file. there is a federal law that went in post GFC that requires lenders to give a 90 day notice before they can file and I think it pertains to any loans on any 1 to 4 unit properties the assets that Dodd Frank was designed to regulate. once the 90 days is up you file your foreclosure in OHIO its a mortgage state so it cost more money than a Deed Of Trust with power of sale state.
Kyle Zochert
Bexar County Tax Deed Sale - Tomorrow!
5 September 2024 | 8 replies
City liens are considered government liens and they are not extinguished.
Bethany Johnson
Un-Permitted work and getting rental license
5 September 2024 | 7 replies
The local government had my contractor create some basic drawings of the work, had me pay the permit fee and pay for an inspection.
Ryan Gyllenband
HELOC in Texas on Investment Property
4 September 2024 | 39 replies
First CommonwealthFirst Midwest, IL up to 90% Chicago areaFirst Tech Federal.
Sean O'Keefe
Senate Blocked Tax Bill With 100% Bonus Depreciation
6 September 2024 | 13 replies
Quote from @Jason Malabute: I really hope they figure out a way to extend this in the future because it’s a huge benefit for real estate investors like us.This is not how the government works though :)
James McGovern
When should landlords waive background checks to support Undocumented Immigrants?
2 September 2024 | 24 replies
Undocumented immigrants often won't have any government issued IDs so it is a defacto fail.