Deonte Hill
Condo BRRR - Worth the effort?
15 March 2024 | 8 replies
As alternatives, explore house hacking for faster equity building or consider other investment strategies aligned with your goals.
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.
Lucas Moncada
Is it all about the money?
15 March 2024 | 21 replies
You need to build your core 4 in any market you decide to invest in.
Willie Creear III
Mid-Term Rental Strategy: Rent By Room
14 March 2024 | 9 replies
For RBR - I use electronic door locks on each bathroom, 2-3 people per bathroom, build in a cleaner per month or every 2 weeks to the contract, supply toiletries and basic condiments, ensure your fridge/kitchen space is big enough and make sure you have parking.
Marco Spaziani Brunella
Coming to the US - Where should I start?
14 March 2024 | 13 replies
I'll add those areas to the watchlist.As a new immigrant, I am concerned about how quickly you can build your credit score to talk to lenders.
Elisa Lisa p
Purchasing coop for primary housing but hate that they will check everything
14 March 2024 | 6 replies
Other people in your building can have more or less rental units themselves, but at the end of the day what does it matter.
Harry Brooklyn
Estimating utilities expenses
14 March 2024 | 2 replies
So it depends on if you’re filling up a tank every 2 weeks and it’s one 275 gallon tank taking approximately 175 gallons or a larger building with a 500 gallon tank taking 400 gallons once a week.
Jake Harrington
Small mixed-use multifamily properties (3-4 doors)
15 March 2024 | 5 replies
If you are converting a "non-restaurant" that can be $500k-$1mm build out. c) CAMs: since it is mixed use, who pays what for roof repairs, concrete work, etc.
Benjamin Carver
Different Ways to House Hack
14 March 2024 | 7 replies
ADU: This is a separate building, often a mother-in-law suite that sits on the same property.
Mario Rivera III
I'm on disability and I'm looking to start investing
14 March 2024 | 2 replies
However, I'm going to be coming into about $15000 and I'd really like to try and start building my investment portfolio.