SRAP

SRAP 1 & 2 Recap

by admin 24 August 2009

The Small Rental Assistance Program, SRAP, was designed by the Mississippi Development Authority, MDA, to assist coastal MS in disaster recovery. The SRAP program provided property owners forgivable loans up to $40,000 per unit for properties utilized in a rental capacity for 5 consecutive years from the SRAP “loan” date. The SRAP program is over […]

Read the full article →

The Good, Bad, and Ugly

by admin 15 March 2009

I recently had an investor contact me about a property he was in escrow to purchase and he had some rather interesting news about how he was “maneuvered” by a group that does investing tours. Now, don’t get me wrong, all these guys who do investing tours are not bad, but my take on it […]

Read the full article →

SRAP 2 Kills New Construction Option

by admin 17 January 2009

The Mississippi Development Authority (MDA) Small Rental Assistance Program (SRAP) Round 2 applicants got a startling letter yesterday (See Here – opens in new window). The letter basically was sent to all Option D applicants, which encompassed anyone who bought new construction as a means of receiving the forgivable loan from the MDA. The SRAP […]

Read the full article →

Small Rental Assistance Program (SRAP) Opportunities

by admin 17 November 2008

If you are not familiar with the SRAP (Small Rental Assistance Program) offer on the Mississippi Coast, it would be a good time to read more about it. The Small Rental Assistance Program is designed to help address the affordable housing issue on the Mississippi Gulf Coast and awards up to $40,000 per door to […]

Read the full article →

Small Rental Assistance Program (SRAP)

by admin 29 October 2008

The Mississippi Development Authority’s Small Rental Assistance Program (SRAP for short) round 2 is here and applications are being processed. For anyone wanting to take advantage of this program, you need to do it BEFORE December 15th 2008. SRAP round 2 started on October 15th 2008 and offers some of the nicest incentives to put […]

Read the full article →

Real Estate Investing 101

by admin 21 October 2008

I get numerous calls every week from new real estate investors, most of which just read a book or watched a DVD that they bought off a late night infomercial and the first thing they say is that they want me to help them find investment properties. Me: Great – so what are you looking […]

Read the full article →