The resident is great and the rent rate reflects that. 

There are several great tenants on Section 8 but the overall ideology is never reflective of them.

Your numbers look good on paper, but do they reflect reality?

When valuing the property, focus on its net operating income (NOI) and use a cap rate that reflects Section 8’s stable, government-backed rents.

This ensures the debt reflects only on their credit report, not yours.

Basically, what these guys did to some of our Real Wealth Network members allegedly is:- GEG showed RWN some of the properties they had renovated and leased out to prove their business model- They told our members via a webinar that they buy, renovate and sell rental properties below market value to investors with 8% cash flow- They said they offer non-recourse financing at 50% LTVIn reality, GEG sold properties that were not always renovated - even if the price point reflected a renovation.

.  :-)  Reflecting on 2024, what is everything thinking will change in the coming year? 

Was in any way reflective of past experience3.

When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

Understanding the intricacies of the area they’re building in is crucial, as it reflects their intentional selection process.