21 April 2020 | 5 replies
The research and team building phases are essential, but ensuring you narrow down your search will keep you focused.
28 April 2020 | 2 replies
it will be our primary (and only) residence and we'll rent while work is being done.Goals are: 1) be able to leverage homestead exemption (need to clarify with the taxing authority if it needs to be in our names); 2) finance as much as possible (taking advantage of current rates)- putting just enough down to avoid PMI and ensure that we still get the "best" rates (assuming 20%); 3) making sure we have as many financing options as possible (going back to titling- if it's the name of a partnership and not individuals, does that limit us).
27 April 2020 | 18 replies
I again sent the notice to my property manager and was told “we will contact the city and ensure the city sends us the notices and not you.”
21 April 2020 | 4 replies
I was just notified 47th Ward Alderman, Matt Martin, is introducing an ordinance in City Hall to “follow Los Angeles’ lead, and ensure that renters who are impacted by COVID-19 have 12 months to make rent payments without fear of late fees or eviction.”
24 April 2020 | 7 replies
To make this even worse, many landlords and investors feel compelled to sit on their money to ensure they have adequate reserves to weather the financial storm in the event that their tenants cannot perform.
26 April 2020 | 8 replies
Also that requires SEC filing and compliance and the cost capital is accruing while you search for properties to buy.Make sure to discuss this with your account and attorney including an SEC attorney to ensure you're in compliance with state and federal laws.
23 April 2020 | 15 replies
(I do not stand by the following information, please perform your own due diligence to confirm its accuracy)Affordable Housing Acquisition FundThis fund aims to ensure the following:Tenants shall have safe & habitable living conditionsProperty owners will not face financial hardshipsPrevents a mass exit in the affordable housing market that results in 2008 V2.0Applicants must adhere to the following guidelines:Owners may not sell the property without notifying HUDHUD must approve of the buyerHUD retains the ability to disclose to the buyer the seller's intent either to sell or transfer the propertyHUD will only allow the following buyers: Non-profits, public housing agencies, Co-op housing, community land trusts, or a state/local gov't agency specified by the Secretary of HUDHUD will provide purchase assistance to eligible buyers up to the full purchase amountThe agreed-upon sale price between buyer & seller may not exceed Fair Market Value (FMV)It must comply with the Cranston-Gonzalez Natural Affordable Housing ActTenants are only subject to just-cause evictionsTenants may not be discriminated against based upon the same criteria in the previous postResidents of affordable housing shall be provided the following free, voluntary services:Healthcare, employment/education assistance, childcare, financial literacy educationTenants shall elect a resident board/council that will control the living & operating conditions of the property (HOA-esque?)
23 April 2020 | 40 replies
They ensure your property is ready to rent between tenants.
27 May 2020 | 1 reply
@Jenn Schneider you have to position yourself as the buyer but you have to disclose that you're an Agent and you have to ensure the seller sign all disclosure forms.
23 April 2020 | 2 replies
If with an agent, what approaches can you take to ensure your agent is one who is good for an investor?