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James Nellis is Your Low Income housing Resource for ME

Low Income housing


ME

*An affiliate of the "Nellis National Real Estate Lists" - a network of top real estate agents dedicated to providing home buyers & sellers the best resources and services to make your dreams come true!

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FEATURED Low Income housing

IN ME

Effective Low Income real estate investors are much more than only realtors, they are savvy business executives. They operate a lot like portfolio managers and company managers who focus on increasing profits while creating great value for clients. This article discusses Low Income housing investment as a business and investment method. We start with a definition of Low Income housing and look at a few groups that represent the best target market. Next, we discuss cost which is the defining characteristic of the target market. Then we turn to profitability and marketability, issues that make a good investment great. Finally we look at financing, action steps, and wider business and social implications of Low Income housing investment.
Low Income real estate for sale
Affordability is important to investors because it establishes two important things: profitability and marketability. Sponsored housing programs like Section 8 helps reduced income families afford rent by paying a section of the market price for rental units. Determine the average income for your area. There are several sources of information to decide average income. The U.S. Census Bureau compiles typical incomes for states, counties, and cities. Real estate websites also offer this information for people interested in buying homes in specific regions Information is also presented through state and local governments, economic development agencies and housing authorities.
For Low Income property rent calculate 30% of average income. This is your expected gross income per Low Income rental unit.
For Low Income property for sale calculate 35% of median income for principle, interest, property tax, homeowner insurance, and organization fees. Then calculate your estimated sale price by deducting the amount for tax, insurance and fees dependent on going rates for the area. Use the difference, principle and interest, to determine the purchase price based on going interest rates for your region. A banking or mortgage expert can help you quickly define these amounts.
Financing an Low Income property
Research the assorted financing alternatives available to investors. Work with a local banker and a business mortgage broker or consultant to identify lender programs and find personal investors. Join local homebuilder, remodelling, and real estate investor organizations. Become a member of the chamber of commerce and affiliate with fiscal development agencies. Use these relationships to identify public and private financing and working partnerships. Successful investors know when and how to push in the market. Don't keep forgetting to perform on-going buy-sell-hold analysis on rental units. If labour, subject matter, and financing costs are high, now may not be the time to buy more Low Income properties. If there are more Low Income condo renters in your market, now may probably not be a profitable time to market units for sale even if interest rates are low. If market rent and median value income in your area is high, now may be the most financially rewarding time to retain property for the monthly rental financial gain it can generate. Treat your real estate portfolio just like your retirement plan portfolio with a little bit more paint and in addition fixtures.
$695,000
3 Baths
4 Beds
2000 Area
2car Garages
$750,000
4 Baths
4 Beds
3000 Area
3car Garages
$525,000
2 Baths
3 Beds
1600 Area
1car Garages
$450,000
4 Baths
4 Beds
2200 Area
2car Garages
$575,000
3 Baths
3 Beds
1900 Area
2car Garages
$1,200,000
4 Baths
5 Beds
3400 Area
3car Garages

Cities we serve:


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ME img Bustins Island, ME img Buxton, ME img Calais, ME img Cambridge, ME img Camden, ME img Canaan, ME img Canton, ME img Cape Elizabeth, ME img Cape Neddick, ME img Cape Porpoise, ME img Caratunk, ME img Caribou, ME img Carmel, ME img Casco, ME img Castine, ME img Center Lovell, ME img Chamberlain, ME img Charleston, ME img Chebeague Island, ME img Cherryfield, ME img China Village, ME img Clayton Lake, ME img Cliff Island, ME img Clinton, ME img Columbia Falls, ME img Coopers Mills, ME img Corea, ME img Corinna, ME img Corinth, ME img Cornish, ME img Cranberry Isles, ME img Crouseville, ME img Cumberland Center, ME img Cumberland Foreside, ME img Cushing, ME img Cutler, ME img Damariscotta, ME img Danforth, ME img Danville, ME img Deer Isle, ME img Denmark, ME img Dennysville, ME img Detroit, ME img Dexter, ME img Dixfield, ME img Dixmont, ME img Dover Foxcroft, ME img Dresden, ME img Dryden, ME img Durham, ME img Eagle Lake, ME img East Andover, ME img East Baldwin, ME img East Blue Hill, ME img East Boothbay, ME img East Dixfield, ME img East Livermore, ME img East Machias, ME img East Millinocket, ME img East Newport, ME img East Orland, ME img East Parsonsfield, ME img East Poland, ME img East Vassalboro, ME img East Waterboro, ME img East Wilton, ME img East Winthrop, ME img Easton, ME img Eastport, ME img Eddington, ME img Edgecomb, ME img Eliot, ME img Ellsworth, ME img Estcourt Station, ME img Etna, ME img Eustis, ME img Exeter, ME img Fairfield, ME img Falmouth, ME img Farmingdale, ME img Farmington, ME img Farmington Falls, ME img Fort Fairfield, ME img Fort Kent, ME img Fort Kent Mills, ME img Frankfort, ME img Franklin, ME img Freedom, ME img Freeport, ME img Frenchboro, ME img Frenchville, ME img Friendship, ME img Fryeburg, ME img Gardiner, ME img Garland, ME img Georgetown, ME img Glen Cove, ME img Gorham, ME img Gouldsboro, ME img Grand Isle, ME img Grand Lake Stream, ME img Gray, ME img Greenbush, ME img Greene, ME img Greenville, ME img 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Falls, ME img Litchfield, ME img Little Deer Isle, ME img Livermore, ME img Livermore Falls, ME img Long Island, ME img Lovell, ME img Lubec, ME img Machias, ME img Machiasport, ME img Madawaska, ME img Madison, ME img Manchester, ME img Mapleton, ME img Mars Hill, ME img Matinicus, ME img Mattawamkeag, ME img Mechanic Falls, ME img Meddybemps, ME img Medway, ME img Mexico, ME img Milbridge, ME img Milford, ME img Millinocket, ME img Milo, ME img Minot, ME img Monhegan, ME img Monmouth, ME img Monroe, ME img Monson, ME img Monticello, ME img Moody, ME img Morrill, ME img Mount Desert, ME img Mount Vernon, ME img Naples, ME img New Gloucester, ME img New Harbor, ME img New Limerick, ME img New Portland, ME img New Sharon, ME img New Sweden, ME img New Vineyard, ME img Newcastle, ME img Newfield, ME img Newport, ME img Newry, ME img Nobleboro, ME img Norridgewock, ME img North Anson, ME img North Berwick, ME img North Bridgton, ME img North Haven, ME img North Jay, ME img North Monmouth, ME img North Turner, ME img North Vassalboro, ME img North Waterboro, ME img North Waterford, ME img North Yarmouth, ME img Northeast Harbor, ME img Norway, ME img Oakfield, ME img Oakland, ME img Ocean Park, ME img Ogunquit, ME img Old Orchard Beach, ME img Old Town, ME img Oquossoc, ME img Orient, ME img Orland, ME img Orono, ME img Orrington, ME img Orrs Island, ME img Owls Head, ME img Oxbow, ME img Oxford, ME img Palermo, ME img Palmyra, ME img Paris, ME img Parsonsfield, ME img Passadumkeag, ME img Patten, ME img Peaks Island, ME img Pemaquid, ME img Pembroke, ME img Penobscot, ME img Perham, ME img Perry, ME img Peru, ME img Phillips, ME img Phippsburg, ME img Pittsfield, ME img Plymouth, ME img Poland, ME img Port Clyde, ME img Portage, ME img Porter, ME img Portland, ME img Pownal, ME img Presque Isle, ME img Princeton, ME img Prospect Harbor, ME img Randolph, ME img Rangeley, ME img Raymond, ME img Readfield, ME img Richmond, ME img Robbinston, ME img Rockland, ME img 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James Nellis
887 Client Reviews

Call: 703-436-9842

Zip Codes for ME

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