I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!

Looking for advice on renting to an individual on a rental assistance program through the government.

Hey there, I'm a bit confused on how you are getting the refinance to be at 4% for a cash out refi.

Curious how they will differ that site and what changes they will have from the old LFI site. 

Bought it at an auction, property was owned by the statem paid $27,000. 

The plan is to: - Make regular payments on the seller-held mortgage for the agreed-upon term.- Pay off the balloon payment at the end of the term.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity. 

However, the reason why I invested in the program is because Palak (I was in the 1st cohort, prior to when Niti joined!)

The end result is the same.

Creative FinancingFinancing can be a challenge in tough economies, but several creative strategies can make deals work: Seller Financing: Negotiate with the seller to finance part or all of the deal, reducing the need for traditional loans.

We completed the updating of two of the units so far, and rented both.