Alex Ghameshi
Anyone investing in Gardner, MA?
25 February 2024 | 3 replies
Still a great market for owner occ/house hack, but again it's not a high income area so rental rate is going to top out a bit in my opinion.
Derrick Moody
Section 8 Housing
25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.
Daniel Curtin
Rent to retirement. Good or bad?
26 February 2024 | 28 replies
I equate this more to my Maltese yapping like crazy at my Bernese Mountain dog every time he comes within 10 feet of their food.
Nate Mcauley
Best beginner strategy for Generating Leads.
25 February 2024 | 13 replies
Didn't lift a finger, didn't pay a cent, all off-market highly motivated seller lead!
Mary Ciccarelli
System to record properties
25 February 2024 | 5 replies
CRM Software with Customization OptionsCRM (Customer Relationship Management) software like Salesforce or Zoho CRM can be customized to track deal details, including financials, though it's not their primary function.Pros:Highly customizable and can be tailored to fit a wide range of data tracking needs.Good for managing relationships with lenders, partners, and tenants.Cons:Requires setup and possibly custom development, which can be costly.May be more complex than necessary for straightforward property management.Recommendation:The best choice depends on your specific needs:If you're comfortable with spreadsheets and have a relatively small portfolio, starting with Excel or Google Sheets might be the most cost-effective and straightforward approach.If financial management is your primary concern and you're willing to invest some time in setup, QuickBooks is a robust option.For a more comprehensive solution tailored to real estate investments, exploring specialized real estate investment software could provide the most benefits.If your operations involve significant relationship management and you need a highly customizable system, a CRM with customization might be the way to go.Before deciding, consider factors like cost, scalability, and the learning curve of new software.
Engelo Rumora
WTF is wrong with this investor?
26 February 2024 | 32 replies
A lot of them in the Construction business....when I was doing bids/proposals for high-end jobs I saw these folks a lot.
Dylan Nicks
How is repaying Private investing possible.
25 February 2024 | 2 replies
The lenders and even private money brokers I work with won't even loan to you without one. 18% is also high.
Matt Lord
PA Tax Sale and title insurance
25 February 2024 | 11 replies
That’s 10 months of pretty high risk to me.
Drew Campbell
Buying out of state with 5% down
25 February 2024 | 13 replies
For this reason I would highly recommend buying a property in your area as a primary residence first, since you can get into it with a fraction of the down payment.
Chris Seveney
In Over Their Heads?
23 February 2024 | 24 replies
Here in DC area its killing landlords as well as the small retail as the office buildings are all first floor retail/food service and the govt is not back to office or they are 2-3 days per week which for these businesses is a 406-%+ drop as typically fridays would be the day you go out for lunch etc. and now most people work from home on fridays.