Managing a multifamily property - albeit small - can turn into a time-consuming endeavor.

I have always been interested in REI so recently have been consuming as much information as I can through podcasts, books, youtube videos, forums etc. 

These reporting requirements apply only if you are making any payments required by the agreement.If your account is current and you make an agreement to make a partial payment, skip a payment, or other accommodation, then the creditor is to report to credit reporting companies that you are current on your loan or account...”https://www.consumerfinance.gov/about-us/blog/protecting-your-credit-during-coronavirus-pandemic/ (last updated in July)But here is a consumer lawyer’s take on the issue, and it appears to agree with the above quote from the CFPB blog:https://www.americanbar.org/groups/business_law/publications/blt/2020/10/credit-reporting/There are other nuances to read about - and not everyone who writes about their own experience on social media may understand their own nuances.

A quick google will give you a link...basically they settled with the FTC and now the ambulance chasers are hoping to cash in on the consumer side.

Linzey,In most cases the 203K loan can be very time consuming and hectic especially now that COIVD-19 has been hitting the industry. 

Invest in yourself and consume as much knowledge as you can.

Does it enhance the neighborhood/city?

I woke this morning consumed by purpose.

Same happens when you close an investment deal with us.Operator Starts to Add Value to the ProjectsThe next step in a value-add multifamily real estate syndication is the part where the value is actually added.Often the business plans call for increasing rents by lets say $100 or $200.To do this, the operators will increase the rental value of the property by spending $10,000 or $15,000 per unit in renovations and then raise rents for these nicer units.These renovations may sound time consuming but they end up increasing the property value significantly.

You should be concerned with fees, but don't let the fee issue consume the discussion.