Matt Salem
First post here!
14 March 2024 | 6 replies
Going out of state might be riskier if you don't have the teams in place, but there are several investor friendly agents who could assist you.
Logan M.
Making Changes via HUD for Manufactured Homes?
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.
Michelle Chevalier
Thoughts on Debt/Income ratio on a joint lease
14 March 2024 | 3 replies
If your State law allows it, you can ask for 2 month security deposit if you think they may become high risk or you can simple move onto the next application.regarding the mortgage in question and monthly debt payments?
Christian Hutchinson
Airbnb's no-camera policy
15 March 2024 | 43 replies
Don't want to pile on but in my opinion Airbnb was born out of an alternative for hotels so I don't think that would be a great argument for keeping cameras where you are stating.
Patrick Patel
Purchasing an HOA Foreclosure
14 March 2024 | 20 replies
Borrowers have to pay their HOA I am not from Florida either but I believe most states allow the HOA to foreclose for non payment of dues most states give HOA's special foreclosure laws that are stronger than a simple lien in order to give the bank 1st priority otherwise an HOA is a document recorded prior to the first and would hold priority if they didn't sign it or legislate that position away.
Katrina O'Bannon
Hard Money Loan Draws
14 March 2024 | 18 replies
@Katrina O'BannonWhat’s your agreement state ?
Timothy Ethan Gawith
Delinquent tax loans
14 March 2024 | 1 reply
If you wish to get licensed in every state to act as a lender, go ahead but the cost to do that is extraordinary so you would need to spend money on that and getting proper insurance since you are essentially issuing a mortgage.
Sailin Li
What's a Good Area? Looking to Purchase First Investment Property
15 March 2024 | 14 replies
Hey Everyone,Canadian here looking at purchasing my first investment property in the states this year.
Laurent N.
Major Rehab and New Construction on Inherited Property
14 March 2024 | 12 replies
AirBNBs are in a precarious legal state in New Orleans.
Justin Ossola
Cost Seg in 2024
13 March 2024 | 4 replies
Here's an article with the latest update.https://www.ainonline.com/aviation-news/business-aviation/20...