Account Closed
Home sellers would no longer be forced to pay up to 6 percent commission to agents
25 March 2024 | 214 replies
However as a buyer your not obligated to go higher your the one in control not the agent so unless you authorize your agent to bid higher nothing is going to happen.As a seller and I have sold a lot of prop that i owned well over 1000 flips and new builds the buyers agents are all over the map but they are taking their marching orders from their buyers bottom line we get low balled all the time..
Dana Powell
Recommendation of lenders who use leases vs market rent for DSCR
20 March 2024 | 15 replies
If I were able to acquire my next investment through cash and/or bridge loan, install my section 8 tenant and show a couple of months of rental payments, is there a lender out there that would use that lease and its accompanying Housing Assistance Payment contract I would have with the local housing authority?
Schneur Yecheilov
Section 8 New York City
20 March 2024 | 2 replies
If they deem it unaffordable, they will try to negotiate it down and if you aren't satisfied then you can start the process over with another tenant. the 2k they are currently covered for rent can be an old number and one the past owner never bothered raising, but I would assume you would have to do your own application to be a landlord and I am sure the numbers used would be based on current FMR and the tenants current income level.. then again my knowledge is based on S8 St Petes Flordia, and you should call s8 housing authority to get clear and best answers
J Scott
J Scott - Author of Flipping/Estimating Book - Ask Me Anything!
19 March 2024 | 323 replies
Ultimately, they have the authority over whether you can get your CO, so even if you have a good GC and engineer come in, the local inspector needs to buy into the plan.
Maria Teo
additional insured vs additional interest
20 March 2024 | 4 replies
Additional Interests are not afforded coverage through your policy and cannot make policy changes or file a claim.Additional Insured is anyone afforded coverage under a Property or Premises Liability policy who is not the policyholder but has the authority to make a claim on the policy or has an insurable interest in the property.
Dan Stelter
Where to start for an introvert with no/little money?
20 March 2024 | 11 replies
@Dan Stelter I like the Author Mark Manson's outlook on life and getting out of your comfort zone.
Cameron Riley
Have you EVER sued section 8? Successful?
19 March 2024 | 52 replies
The government/Housing Authority was not your tenant.
Brendan M.
What are the tax implications of paying myself to property manage?
19 March 2024 | 22 replies
Rob,What is your authority for your comment?
Joe Nguyen
Forming LLCs for properties in different states?
19 March 2024 | 6 replies
I could have also formed the LLC in my state (Virginia ) and applied to the other state for authority but it seemed like even more work.
Ron-Zhanae' Williams
Letter of Authorization
16 March 2024 | 1 reply
How does the letter of Authorization work with pre-foreclosures as a wholesaler?