Derwin Smith-Bishop
What may be an effective niche and strategy during the pandemic?
12 June 2020 | 3 replies
I read a few articles on BB about one of the best methods to enter the investing spectrum of real estate if your new would be by house hacking.
Tracy Uscinski
Getting over my Fear of Allowing Pets
25 June 2020 | 11 replies
We also charge $20 per month per animal, and we limit to 2 animals.All animals must be met and approved IN THEIR CURRENT HOME prior to entering the premises.
Michael Moussa
Tenant not paid since February
13 June 2020 | 6 replies
Or post a notice that you will be entering the house at a set date and time as you have not heard from her and need to check on the place.
Gleb K.
New adventure in Massachusetts
19 June 2020 | 4 replies
Hello everyone,For quite some time I have been thinking about entering the real estate game, with a goal in mind, that I will be able to free up my time to spend it with my family, as well as work from home and be able to build my dream business with the help of real estate.An I think it is the right time for me to do so, here is why:My older daughter got in to college and we are relocating from CA to MA in September-November, she will study on campus at Amherst, but we want to get our first property after paying rent to someone for to long.My idea was to get a small multifamily, but clean environment like no landfills, no toxics, good water and air was a bigger priority for my family, so we are thinking to have a small, under 50-100k starter house that needs some work done, but has no exterior problems, has all the pipes and electric work in place.
Lynne Hart
Responding to tenants smoking in unit
16 June 2020 | 9 replies
We came upon the fact that this was happening because there was a strong smell of marijuana whenever we entered the building and there were no other tenants in the building.
Alex Gronbach
1031 Exchange & Section 121 Questions (TX/CA)
14 April 2021 | 9 replies
I didn’t get a 1099-S from my lender, and didn’t see any section in TurboTax where I could enter in how many months I’ve lived vs rented the property, etc.
Lloyd Segal
Economic Update (June 15, 2020)
15 June 2020 | 0 replies
Based on that approach, the group said, the economy entered a recession in March.
Amber Gonion
St. Paul follows Minneapolis lead in limiting landlord rights
18 June 2020 | 11 replies
Paul, 51 percent of our renter households are housing-cost burdened, resulting in seventy-five percent of our low-income renter households being housing cost burdened and thirty-nine percent being severely housing cost burdened; andWHEREAS, the Fair Housing Act of 1968 requires that the City affirmatively further fair housing, meaning the City must take meaningful action to overcome historic patterns of segregation, promote fair housing choice, and foster inclusive communities that are free from discrimination; andWHEREAS, in April 2016, the United States Department of Housing and Urban Development issued warning that blanket policies of refusal to rent to people with criminal records could violate the Fair Housing Act if “without justification, their burden falls more often on renters or other housing market participants of one race or national origin over another”; andWHEREAS, as of January 1, 2020, people of color make up 47.9 percent of the MN prison population, but only 15.9 percent of our state population; andWHEREAS, criminal justice research supports that the effect of a criminal offense on a residents housing outcome declines over time and becomes insignificant; andWHEREAS, our current credit scoring system has a disparate impact on people and communities of color, rooted in a long history of housing discrimination and wealth inequities even though credit score itself does not reflect positive rental history or timely rent payments or probability of on time rent payments; andWHEREAS, in 2017 there were an estimated 1,710 residential evictions filed against tenants in the City of Saint Paul; andWHEREAS, E evictions, regardless of outcome, impact a renter’s ability to secure future housing, and Research suggests that “Informal evictions” occurring outside of the court process are occurring at twice the rate of formal evictions; andWHEREAS, the City of Saint Paul has approximately 11,000 units of housing which are considered Naturally Occurring Affordable Housing (NOAH) affordable at or below 60 percent Area Median Income and NOAH buildings are most at risk for ownership changes; andWHEREAS, historical and ongoing discrimination in housing makes tenant protections a fair housing, racial equity and economic justice imperative; now, therefore, be it RESOLVED, that the Council of the City of Saint Paul does Ordain:Section 2Chapter 193 of the Saint Paul Legislative Code is hereby created to read as follows: Sec. 193.01 Definitions.For the purposes of this Chapter, the following terms shall have the meaning ascribed to them in this section. (1)(2)Affordable Housing Building shall mean a multiple-family rental housing building having five (5) three (3) or more dwelling units where at least twenty (20) percent of the units rent for an amount that is affordable at no more than thirty (30) percent of income to households at or below eighty (80) percent of area median income, as most recently determined by the United States Department of Housing and Urban Development for Low Income Housing Tax Credit (LIHTC) purposes, as adjusted for household size and number of bedrooms.Affordable Housing Dwelling Unit shall mean a rental dwelling unit in an affordable housing building that rents for an amount that is affordable to households at or below eighty (80) percent of Area Median Income, as most recently determined by the United States Department of Housing and Urban Development, as adjusted for household size and number of bedrooms.(3) Available for Sale shall mean the earliest implementation of any of the following actions: negotiating to enter into a purchase agreement that includes an affordable housing building, advertising the sale of an affordable housing building, entering into a listing agreement to sell an affordable housing building, or posting a sign that an affordable housing building is for sale.(4) For Cause shall mean that the tenant or a member of the tenant's household materially violated a term of the lease in accordance with Sec. 193.05(a).(5) Cure the Deficiency shall mean that a tenant pays all monies rightfully owed, or fully complies with an order to correct a lease violation or notice to cease an activity that is in0) violation of a lease.(6) Displacement Dwelling Unit shall mean the dwelling unit from which a tenant was displaced pursuant to Sec. 193.05(5) or (7).(7) Eviction shall mean a summary court proceeding to remove a tenant or occupant from, or otherwise recover possession of, real property by the process of law, pursuant to Minn.
Joseph Barnes
Airbnb for 1st property investment? Why should I NOT do this
18 June 2020 | 42 replies
I would only enter into this if the MathWorks, meaning are you there you live close to the property or you hire somebody that does everything from septic tank‘s, to lakefront property water issues to dock issues too everything other than cleaning.
Lorraine Joffe
Enforceable Purchase Agreement?
15 June 2020 | 3 replies
First, is our contract still enforceable if they've entered into another contract to sell?