We also learned to lean heavily on the government assistance program that we contract with (2/4 of our units) Once we learned the ins & outs of their program it made communicating with our inherited tenants much easier

We also learned to lean heavily on the government assistance program that we contract with (2/4 of our units) Once we learned the ins & outs of their program it made communicating with our inherited tenants much easier

So some lenders can offer more help with the seasoning or the CAIVRS Waiver.You may want to see if they can qualify for a Non/Government insured loan or see if they can run them for an 80/15 loan.

The HPAP loan is: The HPAP program is a 0% second trust loan that is deferred and is NOT a grant.

I've been narrowing down new cities that I'd like to invest in with a group of people and we've been going the normal route of collecting data through government sites but it's time consuming. 

Long version: I am originally from PA and the state government has always been a complete mess.

I am a fan of Joe Asamoah's concepts about government-assisted housing (which basically state low-income tenants are great if you treat them right), but I wonder if it's a bit of a fantasy (or the playground of real black-belt investors and PMs only).Has anyone had an experience (positive or negative) with low-income rentals, tenants, PMs, or the like?

The community offers a financing program, however the interest rate is super high.

The smart combination of buying at a discount, adding value, and then using leverage once the asset is performing to pull equity and launch the next project is just a very good formula when executed well.Be sure to start by reaching out to non-recourse lenders to learn about their programs. 

I was able to get $20k in down payment/closing cost assistance through a program called Neighborhood WORKS, they held a 2 day event back in May 2019 that awarded $20K to 300 families on a first come first serve basis.