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22 March 2024 | 88 replies
Market circumstances might change, even if your intention is to flip the property, so think about your choices in case your initial plan doesn't work out.Market Analysis: To verify your predictions on future appreciation, growth in the rental market, or the effect of renovations on property value, do a comprehensive analysis of the market.Time frame: Evaluate the opportunity cost of having your cash invested in a non-performing asset and be realistic about how long you're willing to wait for the property to turn a profit.Investing in a property with negative cash flow can be a calculated risk under the right circumstances, but it requires a higher level of due diligence, market insight, and financial planning.
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18 March 2024 | 0 replies
Greetings! I'm Rahul Dedhia, your dedicated Realtor specializing in the vibrant real estate markets of Kansas and Missouri. With a passion for real estate and a deep connection to the diverse communities in this regio...
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19 March 2024 | 214 replies
Introduction and Ben Leybovich on the Meetuphttps://www.periscope.tv/w/aPH8kTFXTEVSUHlrRHpLYkR8MWRSSlpCWEFOVm9KQj7wRXNypWq6IsfUvqGgwXEw4F6Ln-4Z7LbPdJRNdHsX* Introductions from the Group* Ben Leybovich Speaks (Ben goes through a spreadsheet that he created specifically for our meetup.
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16 March 2024 | 5 replies
Hi everyone, wanted to begin by saying how excited I am to join this community. Been watching BP webinars for over a year and working in the RE field. Yet I can confidently say im ready to take it to the next step and...
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15 March 2024 | 3 replies
Hello, my name is Jared Gerke. Over the past couple of years, I have been a student at Winona State University. Now that I have graduated from Winona I would like to branch out and see what options there are out there...
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19 March 2024 | 323 replies
=============Are there anythings that you would add - that might help investors in similar dilemma .Seems like a reasonably comprehensive list.
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15 March 2024 | 2 replies
Hi All, My wife and I are just starting our journey into rental property ownership and look forward to learning from you all on our way.By way of introduction, we are empty nesters with 2 adult kids in NW Wisconsin.Best Regards, Tracy
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16 March 2024 | 21 replies
(Your mileage may vary)Prior to finalizing a lease agreement, I am considering presenting tenants with two rental price options for consideration:1) Inclusion of renter's insurance within the lease terms, with the option for tenants who decline coverage to pay slightly higher rent (wherein the associated premium cost is included in the monthly rental amount without the tenant's explicit knowledge).2) Inclusion of renter's insurance within the lease terms, with the option for tenants who obtain coverage to receive a slight discount on their rental rate equivalent to the cost of their renter's insurance premium.Optimistically, the second approach aims to incentivize continuous coverage for the tenant through a comprehensive renter's insurance strategy.
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14 March 2024 | 2 replies
That trend stopped after the 70's but manufactured housing was a major contributor towards creating stable affordable housing.If we want to tackle our housing shortage we need to get serious about it.Here is a quick summary of the HUD changes: HUD Actions for Manufactured Homes and Communities:HUD announces a comprehensive set of actions to increase availability and affordability of manufactured homes.These actions are part of the Biden-Harris Administration's Housing Supply Action Plan.Manufactured housing is a key component in the strategy to boost housing supply and reduce costs.Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program:HUD launches the PRICE Program, a $225 million competitive grant opportunity.The program aims to preserve and revitalize manufactured housing and communities.Funding supports repairs, rehabilitation, replacement of units, infrastructure upgrades, and community resilience.Available to states, local jurisdictions, tribes, nonprofits, community development finance institutions, and other eligible entities.FHA Draft Policy for Manufactured Home Communities:FHA posts a draft policy to solicit public feedback.The policy aims to promote stability and affordability for individuals and families in existing manufactured home communities.Allows resident-owned cooperatives and mission-oriented borrowers to access FHA-insured financing for purchasing or refinancing.Updates to FHA's Title I Manufactured Home Loan Program:HUD announces updates to FHA's Title I Manufactured Home Loan Program.New methodologies for calculating loan limits to align with current market pricing.Expects the new loan limits to incentivize more lenders to participate and expand program usage by buyers of manufactured housing.Annual Recalculation of Title I Loan Program Limits:FHA will recalculate Title I loan limits annually to keep pace with home price changes over time.This ensures that the loan limits remain aligned with market conditions.Ginnie Mae's Title I Loan Securitization Program:Ginnie Mae takes steps to reinvigorate its Title I Loan Securitization program.Revisions to financial eligibility requirements for Title I Issuers to reduce barriers and increase lender participation.HUD's Ongoing Support for Manufactured Housing:These actions build on HUD's continuous efforts to support manufactured housing.Earlier actions include a proposed rule for the Community Development Block Grant (CDBG) program emphasizing the needs of manufactured housing communities.Recent Updates to CDBG Notice:HUD updated the CDBG in Support of Housing Activities notice to allow the use of funds for acquisition of manufactured housing units, services to homeowners, and investments in infrastructure and resilience for manufactured housing communities.
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20 March 2024 | 175 replies
At FlipSystem we are offering infinitely more than just written resources, and our clients value the ongoing coaching/advising, access to vetted teams, introductions to lenders and insurance companies etc that we offer.