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Hi all.I have been running a profitable business since 2012. We had one huge client who was a large portion of our revenue. We were a little too comfortable with this income, since the facilities manager we worked wit...
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The primary, if not only, reason there has been a brief spike in subsidized demand for housing in recent months (2012), has been the GSE/FHFA endorsed REO-To-Rental plan, and associated securitization condui...
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There is a 6 unit multi-family building in Chicago’s Douglas Park (subpar) neighborhood that advertises a “14%” cap rate as a “guaranteed subsidy.” Aka section 8. It’s also on the MLS. The building is $380k. Fully occ...
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I have a lie that I haven't had to deal with before and my inherited lease is silent about.Tenant is a section 8 tenant who has approval for herself and her two kids. However, there is another guy there nearly all th...
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I have been listening to the podcasts with regularity - they are great for a person on the go! One area that interests me is the idea of more cash flow by bringing in other sources of income.I'm wondering about the us...
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In November 2023, Fannie Mae introduced a new policy allowing owner-occupant loans on 2-4 family homes with just 5% down, a significant change from the previous requirement of a minimum 15% down payment. One might thi...
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I was listening to a podcast on REI club today about a guru, cant remember his name, but was touting a technique about renting SFR and multi-units by the room to gov. agencies for the handicapped at 3X the market rent...
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I am picking up some properties and am considering going Section 8. Other than being very rough on the property, what do I need to look out for? I am having a hard time finding info regarding the program in general....
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Consider this excerpt from the legal notice I pulled from our local paper (I left out the pieces that are easily understood like 10% cash due at sale, etc ):... in order to raise the principal sum of $137,040.05 with ...