.: Quote from @Steve Cameron: Quote from @Johan Sigmundson: I sent this to Steve in a private note on here but I'll add this for everyones consideration"Its going to be hard to get authorities to act on this until the losses become real.

I was made aware this weekend by one of the investors on our Facebook group that Marco Santarelli on June 18th, 2024, held a "web seminar" again soliciting investors.

The housing authority pays the bulk of the rent, so your main risk is around property care and cooperation.

Resident will not authorize any work to be performed without the express written consent of Owner.As the tenant is on a fixed income, and is a single mom with kids (including a toddler in diapers), I ended up telling the tenant to pay $50 per month for 8 months to cover the cost. 

Her rent is paid 100% by Chicago Housing Authority.

With how much real estate prices have increased it is unlikely you will fully eliminate capital gains in excess of the $500K exemption (assuming married filing joint) but any improvement costs you have support for can be added to your homes basis will help lower the gain amount 

The excess payment will go to principal and will change the interest/principal percentages.For instance, if you refinance at year 15 and get a new loan with a lower rate and a 30yr amortization, then the new monthly payment will be significantly less than the original payment.

A minimum of 480 sq. ft. of lot area is required per dwelling unit for the lot area in excess of 1,919 sq. ft.

When you finance under a LLC, the lender must verify corporate authority, which is not the big of a deal at closing of a purchase or closed end first or second mortgage.

If you’ve got a Zillow/LoopNet link, rent roll, or offering memo you want screened, reply here or DM me and I’ll run it for you (free).I’m mainly looking for feedback: does this save you time, and would you use it if it were a web app?