Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Is there a federal program to help investors invest in rental property?
I am thinking that there should be a federal program that would help an investor who wants to purchase property for the specific purpose of renting out the property, be it single family or multi-dwelling home. Is such a program out there?
Because real estate drives much of the economy, I am thinking that in some of these stimulus package that the government would try to help investors get people into rental homes, so that they can have a place to live. I have just not seen anyone that even knows, not in city hall, not in the country clerk office.
I fear investors here in town would never answer my question. You know.
5 Answers
- kemperkLv 710 years agoFavorite Answer
da ja vu
as of last week, the fed DID state they are working on something like that but the
problem is--finding out WITHIN the bureaucracy of government, who is doing what!
ASK your bank, credit union and stock broker.......it is out there--but
but, do you need it??? that is the big question. Needing to put down only 5-15% on
run down buildings and sometimes, less, if it is a city slum building.
ask around and have a biz plan ready.........
do you want a house,
multiple income prop
commercial bldg?
Source(s): RE broker - Ryan MLv 710 years ago
There is no such federal program or grant. The absolute closest that you will find is getting guaranteed rental income by becoming a Section 8 landlord.
- chatsplasLv 710 years ago
WHY???
The Republicans think the govt does too much, is too involved in our lives, already.
Why does the govt owe you help in investing in multi-unit housing?
There are plenty of renters out there--all those who got foreclosed out of their homes, or who walked away. Don't see why this would be so helpful to the economy or anyone but you???
Source(s): real estate investor - rackardLv 45 years ago
you may examine with quite a few authentic sources brokers on your section. besides the undeniable fact that, i does not carry out lots desire as there are rankings of persons who could prefer to try this. it particularly is notably complicated to get into this way of partnership with out funds of your guy or woman. I even have been interior the authentic sources organisation for 32+ years and not had a man or woman purchase an investment sources and then question me to discover somebody to do each of the artwork. you ought to get a job as a sources supervisor using fact the flaws you point out are standards for this way of job, plus residing on the grounds.