I am considering buying a 5 unit inner city property for k. I currently rent myself. I have k to put towards closing costs and a down payment. With all units full the rental income would equal 50. The PITI pmnt would be approx 0. With this math, the property would have to maintain less than a 40% occupancy rate to maintain itself. At full occupancy, the property would pay for itself AND pay my rent or a future mtg pmnt of my own.
Does anyone think I should use my k to buy a single family home of my own first??
I have good credit but only 5k cash on hand. I want to start buying rental properties, single family homes around 60-80k in the KC,MO area. Would now be an ideal time to do this?
I have a rental property (single family house) in Redford, Wayne County, MI. and I am interested in making it available to section 8 voucher renters. What is the proceedure and where do I get forms and applications?
I have a rental property (single family house) in Redford, Wayne County, MI. and I am interested in making it available to section 8 voucher renters. What is the proceedure and where do I get forms and applications?
hud.gov is not too easy to find my way around. specifics pls?
I am looking at investing in a very small way, maybe just one of the HUD single family units for rental income. I see that HUD multi family units have some financing assistance available. Is it possible for a very small investor to qualify for competitive funding from Fannie Mae in order to purchase a multi family property such as apartments?
The lower class Romans (plebeians) lived in apartment houses, called flats, above or behind their shops. Even tradesmen might have chosen to live in an apartment-building compound over their store, with maybe renters on the upper stories. Their own apartments might be quite roomy, sanitary and pleasant, occasionally with running water. But others were not that nice.
In the flats an entire family (grandparents, parents, children) might all be crowded into one room, without running water. They had to haul their water in from public facilities. Fire was a very real threat because people were cooking meals in crowded quarters, and many of the flats were made of wood. They didn’t have toilets in the flat so they had to use public ones.
The upper class Romans (patricians) lived in single family homes, which in Ancient Rome meant the great grandparents, grandparents, parents, and kids of one family lived in a home together. Homes were made, quite often, of brick with red tile roofs, with rooms arranged around a central courtyard.
The windows and balconies faced the courtyard, not the street, to keep homes safe from burglars. There were paintings on the walls and beautiful mosaics on the floor. There was very little furniture, and no carpeting. Wealthy Romans might have a house with a front door, bedrooms, an office, a kitchen, a dining room, a garden, a temple, an atrium, a toilet, and a private bath.