Boys getting their paper back.

[canesplaymaker]

Six current and former NFL stars — including ex-Raven Ray Lewis and ex-Jets Santana Moss and Lito Sheppard — have reached a confidential settlement in their federal lawsuit against a bank they say helped scam them out of a combined $53 million.
The players had alleged in a 2013 lawsuit that BankAtlantic stepped aside while a financial management firm, Pro Sports Financial, forged their signatures and looted their paychecks.
Most of the looted millions were diverted into a since-failed Alabama casino venture, the players said in their suit, filed in Fort Lauderdale, Fla.
The terms of the settlement — struck between the players and defendant BB&T, which purchased BankAtlantic after the alleged casino investment fraud — were confidential, Daily Business Review reported.
Wide receiver Moss, currently a free agent, had alleged in the lawsuit that he’d been scammed out of $4.85 million.
“I heard so much growing up, ‘Pay attention to this. Pay attention to that,’ ” Moss had testified in the case. “I didn’t do it,” he said, describing to a jury how he had simply signed over his paychecks to Pro Sports Financial, which then handled his investments.
Ray Lewis said similarly: “I let [Pro Sports] pay attention to it . . . I’m paying for it now.”

 

[canesplaymaker]

Gore got taken for 8 million

 

[Paranos]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

 

[Gatorhater]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

Can see the SI headline now: "Large group of former Miami Hurricane football players allegedly rent government subsidized homes out to drug users and dealers. NCAA to investigate if there is any connection to current players."

I like your idea about school zones but ANY little thing that touches any Cane gets blow up. Plan Ocho is not as neat and clean as you make it sound. If you think Nevin was bad, wait until you get in bed with the biggest flea infested crooked dog there is, the US Government. The problem with all investments is they take time and attention. You out source that at your own risk. Being a landlord takes a lot of time and effort.

 

[Paranos]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

Can see the SI headline now: "Large group of former Miami Hurricane football players allegedly rent government subsidized homes out to drug users and dealers. NCAA to investigate if there is any connection to current players."

I like your idea about school zones but ANY little thing that touches any Cane gets blow up. Plan Ocho is not as neat and clean as you make it sound. If you think Nevin was bad, wait until you get in bed with the biggest flea infested crooked dog there is, the US Government. The problem with all investments is they take time and attention. You out source that at your own risk. Being a landlord takes a lot of time and effort.

Keep in mind I am talking about a real estate investment portfolio worth millions with the avg housing unit costing $10K-$20K with renovations max cost per unit of $15K. Also hire a qualified property management company that is also bonded. An in regards, to the Tax Certs that would be handled by their financial adviser. The portfolio would be self sustaining by leveraging older properties to get funding for new properties and the best part is HUD will even finance the new properties through various programs. It is not **** money, but is steady and long term wealth building that can be generational while also being a socially responsible member of the community.

Link to HUD multifamily funding
Multifamily Housing - Program Description - HUD

GO Canes

PS: my family and friends have been doing this for years. I don't know if you know this but people from island decent tend to have multiple jobs/ sources of income at the same time. "Got to go to work Mahn"!

 

[Gamineal]

Ignorant folks and their money

 

[Paranos]

For example here is a 2 unit Duplex in Lakeland, FL listed for $12,500 that needs renovations and the property is .7 miles away from Crystal Lake Middle school so it checks most of the criteria for Section 8 investment Rental Property within a school Zone. I chose lakeland, fl because that is Ray Lewis's hometown, and he is one of the former Canes named in the Law suite the OP mentioned above.

An just for really rough math Zillow give the property an estimated value of $85K so even if it the whole property was purchased at $12.5K (as is) and each unit rehabed at the max portifilio limit of $15K/unit ($30K in renovation) the Total investment is $42.5K on property zillow estimates to be worth double that. Plus you now receive rental cash flow from section 8 every month (on time which important).

1364-1366 Fairway Dr, Lakeland, FL 33801 (Parcel Number: 24-28-22-000000-042063) (MLS ID# T2757616 )
Link Below
1364-1366 Fairway Dr, Lakeland, FL 33801 - Home For Sale and Real Estate Listing - realtor.com®


Go Canes

 

[D.L.I.N.K.D.A.GR8]

For example here is a 2 unit Duplex in Lakeland, FL listed for $12,500 that needs renovations and the property is .7 miles away from Crystal Lake Middle school so it checks most of the criteria for Section 8 investment Rental Property within a school Zone. I chose lakeland, fl because that is Ray Lewis's hometown, and he is one of the former Canes named in the Law suite the OP mentioned above.

An just for really rough math Zillow give the property an estimated value of $85K so even if it the whole property was purchased at $12.5K (as is) and each unit rehabed at the max portifilio limit of $15K/unit ($30K in renovation) the Total investment is $42.5K on property zillow estimates to be worth double that. Plus you now receive rental cash flow from section 8 every month (on time which important).

1364-1366 Fairway Dr, Lakeland, FL 33801 (Parcel Number: 24-28-22-000000-042063) (MLS ID# T2757616 )
Link Below
1364-1366 Fairway Dr, Lakeland, FL 33801 - Home For Sale and Real Estate Listing - realtor.com®


Go Canes

That looks like more than 30k in renovations bro

 

[Paranos]

Yes there is some potential structural fire damage and roof repair needed but remember your negotiating for a rental remodel with contractors not for your primary residence, so you can be more aggressive not to mention rehab quotes are very different when you know the market.

Think builders grade vs Loews, **** if your feeling guilty but generous you could through in Solid surface counter tops to give it a nicer look along with adding some crown modeling to the builder grade cabinets.

Link to upgrading builder grade cabinets
Update Builder Grade Cabinets Fast Without Painting

But in the end I hear what your saying about the hidden reno cost risk and if is to much then one can simply move on to the next deal an cut your losses if the numbers don't work. But the business model is sound and proven is my main point.

Go Canes

 

[Gatorhater]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

Can see the SI headline now: "Large group of former Miami Hurricane football players allegedly rent government subsidized homes out to drug users and dealers. NCAA to investigate if there is any connection to current players."

I like your idea about school zones but ANY little thing that touches any Cane gets blow up. Plan Ocho is not as neat and clean as you make it sound. If you think Nevin was bad, wait until you get in bed with the biggest flea infested crooked dog there is, the US Government. The problem with all investments is they take time and attention. You out source that at your own risk. Being a landlord takes a lot of time and effort.

Keep in mind I am talking about a real estate investment portfolio worth millions with the avg housing unit costing $10K-$20K with renovations max cost per unit of $15K. Also hire a qualified property management company that is also bonded. An in regards, to the Tax Certs that would be handled by their financial adviser. The portfolio would be self sustaining by leveraging older properties to get funding for new properties and the best part is HUD will even finance the new properties through various programs. It is not **** money, but is steady and long term wealth building that can be generational while also being a socially responsible member of the community.

Link to HUD multifamily funding
Multifamily Housing - Program Description - HUD

GO Canes

PS: my family and friends have been doing this for years. I don't know if you know this but people from island decent tend to have multiple jobs/ sources of income at the same time. "Got to go to work Mahn"!

Hey, I was speaking about the net net to former Canes with the habit of press attacks. I myself have been neck deep in all real estate for over 45 years, from raw land to slumlord to beach front, including large chucks of Section 8 stuff. Your plan has great merit. Myself, I unloaded everything about 2004. Missed the peak but small price to pay to avoid the crash. The properties you are talking about at more price resistant, up or down so good place to be.

Got to take one shot though about hard working island people. I notice a large number of them working the slots hard at the casinos next to me. Sorry, could resist.

 

[Paranos]

LMAO @ Gatorhater!! That was funny, and ohhh heck yeah we work hard and play harder; a little rum, a little food, a little music, a good woman, and a little gambling will keep you live for a long time.

Go Canes

PS enjoy your retirement and the hard won fruits of your labor, take a couple pulls on the $5 slots for me.

 

[jw410]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

I own three houses in Baltimore doing the exact thing!! I'm looking to expand into DC for 2016 and I also plan on growing marijuana legally inside of my DC home.

 

[BigDikCane]

For example here is a 2 unit Duplex in Lakeland, FL listed for $12,500 that needs renovations and the property is .7 miles away from Crystal Lake Middle school so it checks most of the criteria for Section 8 investment Rental Property within a school Zone. I chose lakeland, fl because that is Ray Lewis's hometown, and he is one of the former Canes named in the Law suite the OP mentioned above.

An just for really rough math Zillow give the property an estimated value of $85K so even if it the whole property was purchased at $12.5K (as is) and each unit rehabed at the max portifilio limit of $15K/unit ($30K in renovation) the Total investment is $42.5K on property zillow estimates to be worth double that. Plus you now receive rental cash flow from section 8 every month (on time which important).

1364-1366 Fairway Dr, Lakeland, FL 33801 (Parcel Number: 24-28-22-000000-042063) (MLS ID# T2757616 )
Link Below
1364-1366 Fairway Dr, Lakeland, FL 33801 - Home For Sale and Real Estate Listing - realtor.com®


Go Canes

:ibis-roflmao-sm4:

 

[luke137]

Sign over my paychecks? I still have my 3rd grade lunch money! Lol!

 

[Neil]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

Can see the SI headline now: "Large group of former Miami Hurricane football players allegedly rent government subsidized homes out to drug users and dealers. NCAA to investigate if there is any connection to current players."

I like your idea about school zones but ANY little thing that touches any Cane gets blow up. Plan Ocho is not as neat and clean as you make it sound. If you think Nevin was bad, wait until you get in bed with the biggest flea infested crooked dog there is, the US Government. The problem with all investments is they take time and attention. You out source that at your own risk. Being a landlord takes a lot of time and effort.

Keep in mind I am talking about a real estate investment portfolio worth millions with the avg housing unit costing $10K-$20K with renovations max cost per unit of $15K. Also hire a qualified property management company that is also bonded. An in regards, to the Tax Certs that would be handled by their financial adviser. The portfolio would be self sustaining by leveraging older properties to get funding for new properties and the best part is HUD will even finance the new properties through various programs. It is not **** money, but is steady and long term wealth building that can be generational while also being a socially responsible member of the community.

Link to HUD multifamily funding
Multifamily Housing - Program Description - HUD

GO Canes

PS: my family and friends have been doing this for years. I don't know if you know this but people from island decent tend to have multiple jobs/ sources of income at the same time. "Got to go to work Mahn"!

I agree with Gatorhater. An NFL pro shouldn't be managing rehab construction projects and being a landlord in addition to his full-time job. Instead just buy property that has a ten year triple-net lease with a very credit worthy corporate tenant like CVS, Wells Fargo, etc. That will be a 4% cap rate, but nothing to do but collect the money every month once the properties are purchased. It's like owning a bond and collecting interest. The next step down in terms of time commitment would be to just buy an broad stork market index fund and collect the 1.8% dividend.

 

[Cane2]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

Can see the SI headline now: "Large group of former Miami Hurricane football players allegedly rent government subsidized homes out to drug users and dealers. NCAA to investigate if there is any connection to current players."

I like your idea about school zones but ANY little thing that touches any Cane gets blow up. Plan Ocho is not as neat and clean as you make it sound. If you think Nevin was bad, wait until you get in bed with the biggest flea infested crooked dog there is, the US Government. The problem with all investments is they take time and attention. You out source that at your own risk. Being a landlord takes a lot of time and effort.

Keep in mind I am talking about a real estate investment portfolio worth millions with the avg housing unit costing $10K-$20K with renovations max cost per unit of $15K. Also hire a qualified property management company that is also bonded. An in regards, to the Tax Certs that would be handled by their financial adviser. The portfolio would be self sustaining by leveraging older properties to get funding for new properties and the best part is HUD will even finance the new properties through various programs. It is not **** money, but is steady and long term wealth building that can be generational while also being a socially responsible member of the community.

Link to HUD multifamily funding
Multifamily Housing - Program Description - HUD

GO Canes

PS: my family and friends have been doing this for years. I don't know if you know this but people from island decent tend to have multiple jobs/ sources of income at the same time. "Got to go to work Mahn"!

I agree with Gatorhater. An NFL pro shouldn't be managing rehab construction projects and being a landlord in addition to his full-time job. Instead just buy property that has a ten year triple-net lease with a very credit worthy corporate tenant like CVS, Wells Fargo, etc. That will be a 4% cap rate, but nothing to do but collect the money every month once the properties are purchased. It's like owning a bond and collecting interest. The next step down in terms of time commitment would be to just buy an broad stork market index fund and collect the 1.8% dividend.

I think you miss the part of Paranos when he counsels to hire a Management Company to lease the rental properties. This way, the players don't manage the properties, they just collect the checks which are mailed monthly or quarterly. The leasing company usually keeps a little escrow from the rents for repairs, so really, you don't have ball players as landlords They won't necessarily have more liability than with the corporate tenants, yet they make a big investment into their communities and schools. Moreover, their accountants do the rental properties paperwork and tax filing, so no, it's not cumbersome at all as you make it.

 

[jw410]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

Can see the SI headline now: "Large group of former Miami Hurricane football players allegedly rent government subsidized homes out to drug users and dealers. NCAA to investigate if there is any connection to current players."

I like your idea about school zones but ANY little thing that touches any Cane gets blow up. Plan Ocho is not as neat and clean as you make it sound. If you think Nevin was bad, wait until you get in bed with the biggest flea infested crooked dog there is, the US Government. The problem with all investments is they take time and attention. You out source that at your own risk. Being a landlord takes a lot of time and effort.

Keep in mind I am talking about a real estate investment portfolio worth millions with the avg housing unit costing $10K-$20K with renovations max cost per unit of $15K. Also hire a qualified property management company that is also bonded. An in regards, to the Tax Certs that would be handled by their financial adviser. The portfolio would be self sustaining by leveraging older properties to get funding for new properties and the best part is HUD will even finance the new properties through various programs. It is not **** money, but is steady and long term wealth building that can be generational while also being a socially responsible member of the community.

Link to HUD multifamily funding
Multifamily Housing - Program Description - HUD

GO Canes

PS: my family and friends have been doing this for years. I don't know if you know this but people from island decent tend to have multiple jobs/ sources of income at the same time. "Got to go to work Mahn"!

I agree with Gatorhater. An NFL pro shouldn't be managing rehab construction projects and being a landlord in addition to his full-time job. Instead just buy property that has a ten year triple-net lease with a very credit worthy corporate tenant like CVS, Wells Fargo, etc. That will be a 4% cap rate, but nothing to do but collect the money every month once the properties are purchased. It's like owning a bond and collecting interest. The next step down in terms of time commitment would be to just buy an broad stork market index fund and collect the 1.8% dividend.

Neil we need to talk.. I love the idea of a triple-net lease.. But seriously who can beat 1.8% on a index fund while you're focused on football let the money work for itself.

 

[D.L.I.N.K.D.A.GR8]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

I own three houses in Baltimore doing the exact thing!! I'm looking to expand into DC for 2016 and I also plan on growing marijuana legally inside of my DC home.

I'm growing bud in Arcata waiting for Florida and Texas to legalize it. I been thinking of growing in Hagerstown good market over in Maryland. The whole east coast $$$

 

[D.L.I.N.K.D.A.GR8]

They should have given back to the hood instead of trying to jump into the Gaming business thinking the house always wins. They should have invested in urban redevelopment through rehabbing blighted homes in school zones then renting them out to Section 8 housing, this type of investment yield very low risk long term steady cash flow.

By choosing school zones you eliminate all the potential secondary criminal eliminate that may be lurking on the Section 8 lists since most criminals will not risk doubling or tripling the crime sentence for being in a school zone. Rehabing the homes with Section 8 renters in mind allows for more economical finishes to be used keeping in mind low maintenance durability, very similar to how college dorms are often painted cinder block walls rather than finished sheetrock.

Then the urban real estate portfolio could be supplement by purchasing Tax Certificates again a long term safe investment, because one can never go broke taking a secured long term profit.

Here is a link to how Tax Certificates work.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens

I am glad these former Canes will be made whole in some part.

Go Canes

Can see the SI headline now: "Large group of former Miami Hurricane football players allegedly rent government subsidized homes out to drug users and dealers. NCAA to investigate if there is any connection to current players."

I like your idea about school zones but ANY little thing that touches any Cane gets blow up. Plan Ocho is not as neat and clean as you make it sound. If you think Nevin was bad, wait until you get in bed with the biggest flea infested crooked dog there is, the US Government. The problem with all investments is they take time and attention. You out source that at your own risk. Being a landlord takes a lot of time and effort.

Keep in mind I am talking about a real estate investment portfolio worth millions with the avg housing unit costing $10K-$20K with renovations max cost per unit of $15K. Also hire a qualified property management company that is also bonded. An in regards, to the Tax Certs that would be handled by their financial adviser. The portfolio would be self sustaining by leveraging older properties to get funding for new properties and the best part is HUD will even finance the new properties through various programs. It is not **** money, but is steady and long term wealth building that can be generational while also being a socially responsible member of the community.

Link to HUD multifamily funding
Multifamily Housing - Program Description - HUD

GO Canes

PS: my family and friends have been doing this for years. I don't know if you know this but people from island decent tend to have multiple jobs/ sources of income at the same time. "Got to go to work Mahn"!

I agree with Gatorhater. An NFL pro shouldn't be managing rehab construction projects and being a landlord in addition to his full-time job. Instead just buy property that has a ten year triple-net lease with a very credit worthy corporate tenant like CVS, Wells Fargo, etc. That will be a 4% cap rate, but nothing to do but collect the money every month once the properties are purchased. It's like owning a bond and collecting interest. The next step down in terms of time commitment would be to just buy an broad stork market index fund and collect the 1.8% dividend.

Interesting. I need to hit the library I never heard of triple-net lease. Thanks for the tip.

 

[BisCane]

For example here is a 2 unit Duplex in Lakeland, FL listed for $12,500 that needs renovations and the property is .7 miles away from Crystal Lake Middle school so it checks most of the criteria for Section 8 investment Rental Property within a school Zone. I chose lakeland, fl because that is Ray Lewis's hometown, and he is one of the former Canes named in the Law suite the OP mentioned above.

An just for really rough math Zillow give the property an estimated value of $85K so even if it the whole property was purchased at $12.5K (as is) and each unit rehabed at the max portifilio limit of $15K/unit ($30K in renovation) the Total investment is $42.5K on property zillow estimates to be worth double that. Plus you now receive rental cash flow from section 8 every month (on time which important).

1364-1366 Fairway Dr, Lakeland, FL 33801 (Parcel Number: 24-28-22-000000-042063) (MLS ID# T2757616 )
Link Below
1364-1366 Fairway Dr, Lakeland, FL 33801 - Home For Sale and Real Estate Listing - realtor.com®


Go Canes

That looks like more than 30k in renovations bro

Blue tarps are only about $100 each