Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You gonna give me the loan? Sounds pricey! I would do it though if I had the funds.
This one is actually fairly simple. There is an entire industry set up to provide the funding.
You write up a 1-page summary of the project from a financial perspective -- how much it will cost to buy the land, the professional services fees involved, the risks, and the like. You create a secondary detailed document supporting the 1 page summary.
You take them to any number of real estate funding consultants/brokers who take your summary and shop it to investment funds, pension funds, various banks, other sources of funds... and in short order you'll have money for the project.
This assumes, of course, that the project is financially viable.
You may discover you may need to raise the rent to generate enough cash flow to make the project profitable.
That place is $780 a month. And I PROMISE YOU, that price quoted is a lie. I know, because I have done that same thing with a dozen rentals so far. You go in and the price per month finally quoted is closer to $900-1000. You go in and they say "oh, our rates haven't been updated. Its a little higher now", plus the fees attached and the price goes up way high. A place I went to last week that put a price of $650 on their website ended up being $850 when it came down to putting a signature anywhere. That $850 price was in a middle class suburb of Jacksonville, FL. I scouted out that city recently looking for cheaper rent because I had a job offer.
And the low end scale they quote on their website is no doubt a marketing scheme to get potential renters to come into the complex.
I work hard and my co-workers work hard and we have zero property to show for it.
So you work hard. So do people in labor camps. AND?
Working hard doesn't entitle you to anythingbexcept sweat.
Work smarter not harder. Before you say easier said than dine, darn right because anyone can dig a ditch but the smart one is the person telling you to dig.
Life is a hard lesson some people prefer to take their entire lives to learn.
Darn right the home owners got theirs. You're just upset you aren't being given what someone else earned.
You are in the easiest country to be something more than a ditch digger than any country the earth has ever known. People die trying to get here just tobhave the opportunities you were born with or have now.
Oh yeah. Post one. Remember to that the face rental price is but one piece of actually cost. You also have fees associated with rent, water, electric isn't included, as well as rental insurance. Whatever you see for the cost of rent you actually need to add about $200 additional things to it that people either can't rent or can't live without.
You moved the goal posts as you specifically said $1,000 rent for 1 bedroom apartment...you may need to move it more.
I can find plenty of $800 a month rents in Pittsburgh.
Once again, increasing supply does not always help. It can actually hurt those who do sell or decide to rent their homes. We owned and rented in a area where the market is OVERSATURATED and it makes it suck when you want to sell or rent your home.
I'm sorry, but people need roofs. I can't speak for where you lived but in metros across the country we need more supply.
Do you have a right to enter into a contract for housing with a willing property owner?
Why is it my fault I can't afford better housing? Why is it not government's fault for making housing unaffordable by not enforcing our borders and allowing millions of people into the country unlawfully?
Why is it not government's fault for not allowing property owners to rent me cheap crappy housing I can afford?
Its YOUR fault because all you do is complain about it.
I work hard and my co-workers work hard and we have zero property to show for it.
Nope, he is now paying his own way. He works fast food, pays his bills and pays for college. If he can do it, why can't you?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
