You need to be a member of Real Estate Mixer to add comments!
This reply was deleted.
"Although this comment is NOT related to tenants or squatters, it is related to real estate investing, so please forgive me if it is NOT supposed to be posted here. None the less, perhaps someone might find it beneficial for their investing…"
Real Estate Investing Knowledge & Networking VIRTUAL Event.Capitalize on the opportunity to gain knowledge and awesome networking in multiple ways at this FREE VIRTUAL Knowledge & Networking Event on Tuesday December 13th at 7PM EST!The meeting is…
Have an interest in real estate investing?Then we welcome you to subscribe to our FREE online newsletter delivered to the reader's email.So many mistakes are made because of lack of knowledge, lack of resources or lack of contacts! Mistakes often…
We have Fresh Cut Bank Guarantee (BG) / StandBy Letter Of Credit (SBLC) specifically for BUY/LEASE Issuance by HSBC London / Hongkong, Barclays Bank, Deutsche Bank AG Frankfurt, and many other 25 top AA rated Banks. We also secure funding to…
Replies
I have a house for sale in Montague NJ and had not thought about renting. I had a caller yesterday that asked if I would rent it starting June 1 or earlier, saying she gets $1531 a month [so presuming section 8???]. Never having any experience with renters or Section 8, I have many questions.
On Section 8;
- What does the check include?
- Is it just for rent?
- Who pays the taxes?
- How about utilities?
- Association dues?
- What are my responsibilities under Section 8?
- Is there a contract/lease between us? And if so, does anyone have an example of what they use?
- Is there a contract between the government and me? Anyone have an example?
- What is the length-is it 1 year?
- Can you have a buy option?
- Do I, and how do I, need a credit check and background check?
- Is there a security deposit?
- What are the pitfalls? I understand you dont have to worry about being paid as the funds come directly to you from the government.
On renting in general;Thank you all!!!
Walter W. Stumpf Jr.
973-670-2135
Landlords are a great outlet for rehabbers and wholesalers! Investors who wish to become landlords are always looking for discounted deals where they can get the highest return on their investment. Distressed properties offer them that option.
Simply put…they are always looking for discounted deals plus they can usually pay more (as they will be holding it) for a rehab property than an investor who is going to just flip it to a retail buyer. There will be more information posted on this and otherDo Landlords look for distressed properties as well?
Landlords are a great outlet for rehabbers and wholesalers! Investors who wish to become landlords are always looking for discounted deals where they can get the highest return on their investment. Distressed properties offer them that option.
Simply put…they are always looking for discounted deals plus they can usually pay more (as they will be holding it) for a rehab property than an investor who is going to just flip it to a retail buyer.