All Forum Posts by: Ken Chud

Apologize for resurrecting an older thread, but would anyone have a specific experience renting out a property in a non- opportunity area to a BRHP ( formerly MBQ) voucher holder?

My understanding is that BRHP has a lower rent valuation scale for properties in a non/ opportunity areas. 

That means to me that if I have a 3br in the County that supports 1600-1700/mo rents, BRHP will require Contract Rent to be lowered to 1300-1400 before approving RTA.  Lack of understanding on the topic caused me to pass on many BRHP applicants and instead look for County Section 8 voucher holders instead.

Hello folks

How can a private investor use available equity in currently owned (and financed) properties to raise money to fund consequent purchases? Note: investor already has 5+ properties.

Seeking to expand without having to add "new money" to invest in the business, want to have existing properties to fully pay for expansion.

Preliminary homework performed and in both instances property needs to be bought for cash:

* With delayed financing, investor can recoup funds spent on purchasing but not on repair. The downside is that this approach will require "new money" to be added to find expansion.

* Having identified a local portfolio lender, investor (LLC) will be able to refi up to 70% LTV but must hold property for a minimum of 2 yrs. The downside is that 2 yrs is a lot of time.

Any other ideas?