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16 September 2021 | 4 replies
@Antonio Daniels 1-there are no different standards for screening...what you will find is that they will likely not meet your earning requirements (like 3x rent)...so you have to make exceptions...they also have very colorful backgrounds for the most part...after screening hundreds of section 8 tenants, definite patterns will appear...if you have a credit score requirement, odds are they will not meet there either (but there are fantastic voucher tenants out there as well...I've rented to nurses and other professionals with a voucher do to having a disabled child that needs a lot of services)...the one thing to be aware of is not treating them differently because they have voucher...2-The inspection depends on local authority, but the standards are the same...this is a federal program...so Housing Quality Standards (HQS) is the guiding document...how an inspector interprets that is another story...https://www.hud.gov/sites/dfil...3-Usually you will only have recertification annually, or possibly at an income change or a request or complaint...4-100%, it's one of the best sources of long-term steady income out there...I'll take a section 8 tenant over a white collar A-class tenant any day...plus you are helping to house the most vulnerable and underserved population out there.The bad things you hear about section 8 are from folks that do not understand the system and how it works, or want to be slumlords and not take care of their properties...or are ill prepared to deal with people in general.
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20 September 2021 | 14 replies
The 3 properties, all occupied and cashflowing, that I would like to use, all in/near atlanta ga:1Value $289kOwed $139k2Value $197kOwed $99k3Value $115kOwed $0I no longer have a w2 job, and have spent the last 3 years working on a startup that is still not earning much to speak of (the no longer in the red).My wife has a W2, but even with her considered, our debt to income ratio is already beyond what lenders I have spoken to will consider.How can I access my equity?
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29 September 2021 | 16 replies
But, I am interested in investing because it seems like an exciting, active, challenging, fun, rewarding career.
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16 September 2021 | 5 replies
You will need them all to really get the most out of your RE career...and they dovetail together very nicely....
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23 September 2021 | 4 replies
I can work another job to earn more income?
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16 September 2021 | 7 replies
I"m NOT a CPA but I do know the following.If she takes the money out of a qualifies plan, she will likely get taxed at a 10% penalty plus whatever her normal earned earned income tax rate is, assuming she does not have another way of offsetting that, like being a real estate professional.If she invests with you using an SDIRA, she will pay no tax for putting the money in your deal, but if you use leverage, will likely pay UBIT taxes.
17 September 2021 | 5 replies
Now you want the rest of us to pay them back while you enjoy your career as a dentist.Did I get that right?
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22 October 2021 | 7 replies
We learned that STR- Airbnb specifically, could earn double NOI.
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24 September 2021 | 26 replies
You can earn 5% in mutual funds until market comes down and then buy….remember this phrase “cash is king”
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21 September 2021 | 21 replies
It is because California is still the best place on the planet of the earth to earn money in real estate.