Investors
Updated: 5 days ago
Here is my investor central for some of my main pages that could be particularly applicable to investors. Keep in mind that I have many more articles that will be applicable for various other elements of investing, so don't limit your search on my website to here.
Articles by Adam Helpful for Investors:
Purchase
Financing:
Escrow Hold Backs Fixer Upper Loans (typically for owner occupant investors)
Recommended Calculators - See cash flow calculator here
Commercial Property Government Incentives
House Issues by Year for Purchasers
Where Hampton Roads Investors Can Find Upcoming Development Cost Guide to Repairs & Remodeling
Master Spreadsheet for Prospective Home Purchase Considerations
Modular, Manufactured, & Mobile Homes
How To Identify What Zoning a Property is In
Zillow Searches & Other Public Website Searches Vs MLS Searches
Sale
Rental
Advice for Renting Out Your Home
Renting Out Rooms (typically for owner occupants only)
While Holding
Repair Related:
1. Where to Find Equipment To Borrow/Lease/Purchase for Your Property Repairs/Reno/Cleaning
2. Financing Repairs/Renovations Prior to Sale
3. Commercial Property Government Incentives
4. Credit Card Strategies for Home Expenses
Risk Mitigation & Upkeep:
Adam's Personal Investor Notes
Recommended 3rd Party Resources
Recommended Websites: Bigger Pockets Rich Dad Recommended reading for landlords: Rich Dad Poor Dad Boundaries -while not specific to being a landlord, this one is especially helpful for Christians considering being a landlord in light of the need to evict and otherwise set boundaries with tenants & property managers Recommended games for landlords: Cash Flow (free online version or paid board game)
5% Down Investor Loans
For certain VA foreclosures, there's a program to buy with as little as no money down even if you aren't a veteran as long as you plan to occupy the property. It's even available to non-owner occupants for as little as 5% down.
"The https://listings.vrmco.com site will show a program logo stating “This property qualifies for seller financing”. You can also set search parameters to only search Vendee™-eligible properties."
Eligible states include VA, MD, NC, & more.
https://www.benefits.va.gov/BENEFITS/factsheets/homeloans/vendee.pdf
Capital Magnet Fund Program: Government Incentive for Low-Income Housing
Per CDFIFund, "The CMF Program offers competitively awarded grants to CDFIs and nonprofit affordable housing organizations to finance affordable housing solutions and community revitalization efforts that benefit individuals and families with low-incomes and low-income communities nationwide. To date, the Capital Magnet Fund has:"
Map Courtesy CMF Public Viewer
Virginia Opportunity Zones
Per DHCD, "Taxpayers can get capital gains tax deferral for making timely equity investments in Opportunity funds that then deploy capital into Opportunity Zone business and real estate ventures. This is an economic and community development tax incentive that provides an avenue for investors to support distressed communities to address areas of the Commonwealth that have experienced uneven economic growth and recovery. The tax incentive offers three benefits; tax deferral, tax reduction through long-term investment, and exclusion of certain capital gains tax."
Image courtesy VEDP
Communities of Opportunity Tax Credit
"You may qualify to claim this credit if:
You’re a landlord with qualified housing units participating in the Housing Choice Voucher program. Housing units may be located anywhere in Virginia.
The Virginia Department of Housing and Community Development (DHCD) administers this credit.
What is it?
An income tax credit equal to 10% of the annual market rent for the specific qualifying housing unit. We’ll prorate the credit for a unit that is qualified for less than a full year.
The credit cannot be greater than your tax liability. You may carry forward any unused credits for 5 years. You can’t claim this credit and the Rent Reductions Credit for the same housing unit in the same year.
Claim the credit against the following taxes administered by Virginia Tax:
individual income tax
corporation income tax"
Livable Home Tax Credit
"You may qualify to claim this credit if:
You purchase or build a new accessible residence; or
You retrofit an existing residence with accessibility features
The Virginia Department of Housing and Community Development (DHCD) administers this credit.
What is it?
A tax credit equal to:
$6,500 for the purchase of a new accessible residence; or
50%of the cost of retrofitting an existing residence, not to exceed $6,500
Rental units are not eligible for this credit. The credit cannot be greater than your tax liability. You may carry forward any unused credits for 7 years."
Related:
Where Hampton Roads Investors Can Find Upcoming Development
How Adam can Help Investors Adam Garrett's Video Visuals for Out-of-Town Buyers/Sellers