
14 May 2016 | 4 replies
We just did the research on these new HUD guidelines the other day and here's a snippet of the larger article:What HUD’s new Guidance means for housing providers:Arrests records are not a valid reason to deny a rental applicant housing.Convicted criminals may be denied housing if the reason for their convictions clearly demonstrates that the safety of your residents and/or property are at risk.Blanket terms in your screening criteria that say “Any criminal convictions will be denied” are now considered discriminatory and in violation of the Fair Housing Act.The new Guidance does not make criminals a protected class, but rather establishes requirements to clearly prove why you are denying an applicant based on a criminal conviction.Remember that a housing provider violates the Fair Housing Act when the provider’s policy or practice has an unjustified discriminatory effect, even when the provider had no intent to discriminate.source and full article

16 May 2016 | 7 replies
Focus on the larger population centers, as that's where you'll end up finding a large pool of potential tenants.

15 May 2016 | 7 replies
Hi all,There was a thread several days ago regarding a different issue with assigned parking, so I thought I would keep with a variation on the theme.We've got a small multi-family building (4 unit) that has just two off-street parking lanes - each assigned to one of the two larger units in the building.I am having an issue with a tenant (who is assigned one of the spaces) using BOTH spaces.

16 May 2016 | 3 replies
Whether a property is sold on market (MLS) or off market is typically a function of liquidity in the market.

17 May 2016 | 13 replies
I met with a potential private lender with funds over 100,000 liquid.

19 May 2016 | 3 replies
Hard money lenders are usually groups or companies that have much larger funds to lend.

16 May 2016 | 3 replies
Wholesale contract assignments require the building of many real-estate skills which would be invaluable when I'm ready to take on larger projects.

24 May 2016 | 21 replies
It was funny in the rental application where it asked for landlord references ... we owned more rental property than our to be landlord :) Anyhow, fast forward a year and we had become familiar with the area, the job was ok, we had been saving like crazy for a larger down payment, as an added bonus the market had softened and prices actually had gone down.

16 May 2016 | 6 replies
Eventually we will look to scale to larger single family and multi-family properties.

16 May 2016 | 5 replies
So I'd rather avoid costly monthly/yearly fees and just give a larger chunk of any commissions.