[recordsclerk]

Section 8 is goverment subsidized housing. Usually you will recieve two payments like you said one from a tennant and one from the goverment both adding up to the total rent ($1440). I agree that $1440 is a lot for a 2/2 in MM, but my friend is getting it. Section allows for a certain amount to be paid per bedroom. I don’t have the current rate sheet, but I think that a 2 bed can rent as a high as $1532. You just have to justify the rent is the fair market value for a certain area to the Section 8 worker assigned to your tennant. About 5 or more years ago section 8 usually gave approval for slightly higher then current rent for a certain area due to having less housing available to Section 8 tennants. Today Section 8 wants the rents to be competitive with other non-section 8 tennants for a certain area. I also have a rental (SFR) 4bd 2ba with Section 8 tennants. Since the rents have come done in my area in the last couple years, I have not been able to raise rents for 4 years. You can go to the Section 8 website if you want to know more info:
http://www.sdhc.org

[recordsclerk]

Section 8 is goverment subsidized housing. Usually you will recieve two payments like you said one from a tennant and one from the goverment both adding up to the total rent ($1440). I agree that $1440 is a lot for a 2/2 in MM, but my friend is getting it. Section allows for a certain amount to be paid per bedroom. I don’t have the current rate sheet, but I think that a 2 bed can rent as a high as $1532. You just have to justify the rent is the fair market value for a certain area to the Section 8 worker assigned to your tennant. About 5 or more years ago section 8 usually gave approval for slightly higher then current rent for a certain area due to having less housing available to Section 8 tennants. Today Section 8 wants the rents to be competitive with other non-section 8 tennants for a certain area. I also have a rental (SFR) 4bd 2ba with Section 8 tennants. Since the rents have come done in my area in the last couple years, I have not been able to raise rents for 4 years. You can go to the Section 8 website if you want to know more info:
http://www.sdhc.org

[recordsclerk]

My friend has a 2bd 2ba (866 sqft) condo in Mira Mesa that she rents out for $1440 to Sec8 tennant. These prices are getting interesting. I’ve been looking for 2bd 2ba unit for around 70K that rents for a $1000+ with HOA under $200. There are going to be a lot of good deals out there in the near future. There will be some risky, but highly rewarding deals for units with HOA problems. You will find that a lot of condo conversions from 2004-2007 with most units under water and with serious HOA problems.

[recordsclerk]

My friend has a 2bd 2ba (866 sqft) condo in Mira Mesa that she rents out for $1440 to Sec8 tennant. These prices are getting interesting. I’ve been looking for 2bd 2ba unit for around 70K that rents for a $1000+ with HOA under $200. There are going to be a lot of good deals out there in the near future. There will be some risky, but highly rewarding deals for units with HOA problems. You will find that a lot of condo conversions from 2004-2007 with most units under water and with serious HOA problems.

[recordsclerk]

My friend has a 2bd 2ba (866 sqft) condo in Mira Mesa that she rents out for $1440 to Sec8 tennant. These prices are getting interesting. I’ve been looking for 2bd 2ba unit for around 70K that rents for a $1000+ with HOA under $200. There are going to be a lot of good deals out there in the near future. There will be some risky, but highly rewarding deals for units with HOA problems. You will find that a lot of condo conversions from 2004-2007 with most units under water and with serious HOA problems.

[recordsclerk]

My friend has a 2bd 2ba (866 sqft) condo in Mira Mesa that she rents out for $1440 to Sec8 tennant. These prices are getting interesting. I’ve been looking for 2bd 2ba unit for around 70K that rents for a $1000+ with HOA under $200. There are going to be a lot of good deals out there in the near future. There will be some risky, but highly rewarding deals for units with HOA problems. You will find that a lot of condo conversions from 2004-2007 with most units under water and with serious HOA problems.

[recordsclerk]

My friend has a 2bd 2ba (866 sqft) condo in Mira Mesa that she rents out for $1440 to Sec8 tennant. These prices are getting interesting. I’ve been looking for 2bd 2ba unit for around 70K that rents for a $1000+ with HOA under $200. There are going to be a lot of good deals out there in the near future. There will be some risky, but highly rewarding deals for units with HOA problems. You will find that a lot of condo conversions from 2004-2007 with most units under water and with serious HOA problems.

[recordsclerk]

This condo finally closed. Sold for 80K. I put in an cash offer at 69K. The buyer got a good deal and the HOA is still operational at this point.

[recordsclerk]

This condo finally closed. Sold for 80K. I put in an cash offer at 69K. The buyer got a good deal and the HOA is still operational at this point.

[recordsclerk]

This condo finally closed. Sold for 80K. I put in an cash offer at 69K. The buyer got a good deal and the HOA is still operational at this point.

[recordsclerk]

This condo finally closed. Sold for 80K. I put in an cash offer at 69K. The buyer got a good deal and the HOA is still operational at this point.

[recordsclerk]

This condo finally closed. Sold for 80K. I put in an cash offer at 69K. The buyer got a good deal and the HOA is still operational at this point.

[recordsclerk]

As a buyer I have come across many listings with multiple offers, and I have lost my fair share of bids. This is a bank owned property, with this said the bank doesn’t have time to play games. Call their bluff and you will lose. I’m not suggesting that you bid higher, I’m just saying that they are not bluffing. Real Estate agents make money closing deals, not getting them bidded up. Losing potential buyers in this market is insane, so don’t think for one second a listing agent is going to play games with the most important part of their imcome, the buyer. I called “bullshit” many times and lost many times. I even waited for the property to close to see how much I lost by. Sometimes the winning bid falls out of escrow, so there will be a re-bid. You will think that at this time they were bullshitting, but even at re-bid I have lost. If you have done your homework for the segment of the market that you are buying and find a well priced home, many other buyers will feel the same. You should feel good that many people bid on the same property, it will confirm that you know the market well. If you want to pay less for a home then what the current market is offering you are just going to have to wait. Make your bid, and if you really want this house make a higher bid. There are no secret stratigies out there. You will not be able to change the market or make realtors sign letters for future law suits. Try and time the market as good as you can. Buy what you really want and can afford. Some bank properties come on-line at a really good price and will have multiple offers. Some bank owned properties will be overpriced and will have periodic price drops. IF you don’t want to get into a bidding war, you may want to find an overpriced bank owned property and wait for periodic price drops and wait until the 100 day mark and make a low-ball offer. If you are buying a coastal or PUSD property wait until the winter or next year.

[recordsclerk]

As a buyer I have come across many listings with multiple offers, and I have lost my fair share of bids. This is a bank owned property, with this said the bank doesn’t have time to play games. Call their bluff and you will lose. I’m not suggesting that you bid higher, I’m just saying that they are not bluffing. Real Estate agents make money closing deals, not getting them bidded up. Losing potential buyers in this market is insane, so don’t think for one second a listing agent is going to play games with the most important part of their imcome, the buyer. I called “bullshit” many times and lost many times. I even waited for the property to close to see how much I lost by. Sometimes the winning bid falls out of escrow, so there will be a re-bid. You will think that at this time they were bullshitting, but even at re-bid I have lost. If you have done your homework for the segment of the market that you are buying and find a well priced home, many other buyers will feel the same. You should feel good that many people bid on the same property, it will confirm that you know the market well. If you want to pay less for a home then what the current market is offering you are just going to have to wait. Make your bid, and if you really want this house make a higher bid. There are no secret stratigies out there. You will not be able to change the market or make realtors sign letters for future law suits. Try and time the market as good as you can. Buy what you really want and can afford. Some bank properties come on-line at a really good price and will have multiple offers. Some bank owned properties will be overpriced and will have periodic price drops. IF you don’t want to get into a bidding war, you may want to find an overpriced bank owned property and wait for periodic price drops and wait until the 100 day mark and make a low-ball offer. If you are buying a coastal or PUSD property wait until the winter or next year.

[recordsclerk]

As a buyer I have come across many listings with multiple offers, and I have lost my fair share of bids. This is a bank owned property, with this said the bank doesn’t have time to play games. Call their bluff and you will lose. I’m not suggesting that you bid higher, I’m just saying that they are not bluffing. Real Estate agents make money closing deals, not getting them bidded up. Losing potential buyers in this market is insane, so don’t think for one second a listing agent is going to play games with the most important part of their imcome, the buyer. I called “bullshit” many times and lost many times. I even waited for the property to close to see how much I lost by. Sometimes the winning bid falls out of escrow, so there will be a re-bid. You will think that at this time they were bullshitting, but even at re-bid I have lost. If you have done your homework for the segment of the market that you are buying and find a well priced home, many other buyers will feel the same. You should feel good that many people bid on the same property, it will confirm that you know the market well. If you want to pay less for a home then what the current market is offering you are just going to have to wait. Make your bid, and if you really want this house make a higher bid. There are no secret stratigies out there. You will not be able to change the market or make realtors sign letters for future law suits. Try and time the market as good as you can. Buy what you really want and can afford. Some bank properties come on-line at a really good price and will have multiple offers. Some bank owned properties will be overpriced and will have periodic price drops. IF you don’t want to get into a bidding war, you may want to find an overpriced bank owned property and wait for periodic price drops and wait until the 100 day mark and make a low-ball offer. If you are buying a coastal or PUSD property wait until the winter or next year.

[Author]

Posts