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25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.
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26 February 2024 | 2 replies
Also, you should be focused on constuction lenders who offer best leverage (usually those who will capitalize interest reserve & finance a portion of the soft costs), lower floors on the rate since most banks tie their construction debt pricing to the fed rate, perhaps offer lower or no pre-payment penalty if the property reaches the permanent financing phase of the loan product before you are able to refinance and low or no required depository relationship outside of the actual operating ccount.
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26 February 2024 | 12 replies
They turn to low price neighborhoods because that is what is affordable to them right now.
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25 February 2024 | 4 replies
Since there is no debt on the home I want to try to keep costs for transferring the home as low as possible.
26 February 2024 | 12 replies
The cost of entry is low while the cash flow is high.
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25 February 2024 | 1 reply
The Pandemic housing market, fueled by historically low interest rates, began in the Spring/Summer of 2020 and arguably ended in late 2022 or Spring of 2023 with rising interest rates.
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25 February 2024 | 2 replies
The ordinance is generally designed to keep similar uses adjacent to one another, so low density single family residential is near higher density single family residential, which may be near land zoned for multi-family.
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26 February 2024 | 17 replies
On chairs, you’ll need to look at weight limits, because I’ve seen a lot with a low 225 lb limit.
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25 February 2024 | 13 replies
This is probably likely because it is low cost so most of us start there anyway.
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26 February 2024 | 29 replies
If it needs primer etcI use a google phone/email and collect names of handyman and painters etc. they bid and the serious ones come out to see the jobI take the medium priced bid. too low and it might not be the best work, too high and they do not really want the job.Lately been dealing with bids for electricians and it is hard to bid that and getting $500 per hour bids, crazy.So be specific and fair and you should find some good canidatesThe other thing is I do alot of my own research and factor in how much time it should take and the materials [or bid that you cover materials seperatley etc] - Youtube and forums for various subjects give you just enough info on what to do and look for.