Derrick E.
42% return on my investment- Low Income Housing
Hello,Just wanted to let everyone know that I just closed on my 4th house. We purchased this house with $7,000 cash. I am estimating $3,000 in updates/repairs. Market rent is $772/month but I plan to rent it for $700/...
Brooke Richards
What are some guidelines for low income tenants
What are some guidelines for low income tenants with less that desirable work or incarceration history?
We just finished a 12 unit apartment building in a small town in Ohio. This is our first time working with low in...
Madeline Smart
Private Refinance With Low Taxable or showable Income
I am in need of a private lender refinance on my $600k house. I owe about $500k. It’s a difficult situation because the other person on the loan and myself are splitting up and I do not have the income (on paper) to q...
Larry T.
How nice to make low-income rentals look?
How far do you go and what is the minimum you do to make them look nice and welcoming without spending unnecessarily?
Also, I always seem to find ones with fake wood paneling, in this market is it worth having them...
Rob Catching
Exc. Credit+Cash, but Low Income - Financing Recommendations
Hello all, I am new to the forum and decided to become active. I have read enough posts here to know that this forum has some very experienced and knowledgeable investors who may be able to provide some insight regar...
Michael Jiang
HELOC - getting ridiculously low LTV due to income
Hi BP!I just applied for a HELOC at a major US bank and it turned out they can only offer me a ridiculously low 20% LTV...Here is my situation:1. I own a house (primary residence) which is appraised by the bank at $2 ...
Cynthia Miller
Are Low income rentals in Detroit worth it?
I have a couple rentals in the Westside of Detroit. I have been seeing the city improve the neighborhoods, I've seen other investors fixing them up. I just haven't made any profit off mine and its been a headache. Th...
Malcolm Dixon
Advantages and Disadvantages of low income multifamily rentals
Hello All,Im a newbie and Id like to hear the advantages and disadvantages of low income multifamily rentals. I recently submitted an offer to purchase a duplex in a rural area that I would rate at D. Since the area i...
Max T.
Universal Vouchers, Low Income Renting, Evictions - Op Ed
This one will ruffle some BP feathers... Let's hear it!http://www.nytimes.com/2016/03/06/opinion/sunday/t...
Charles Loughin
Investor in low income housing in Reading PA
I started in 2010 with a 3-plex and I've since added two single homes to my portfolio. The singles net a better return then the 3-plex so I am concentrating on them. I found that focusing on the mechanics of the build...