Top 10 Fair Housing Mistakes Investors Make (#8 Blows My Mind)

Check this out…  Did you know that April is National Fair Housing Month?

Neither did I really. And side note, who the heck even decides this stuff, anyway?

Well a colleague (and friend) of mine Jimmy Moncrief just sent me this nifty infographic he whipped up giving you a visual snapshot of the top 10 biggest, most common, fair housing-related mistakes investors tend to make.

Jimmy MoncriefAnd he should know I guess, since he’s a (i) banker, (ii) banking underwriter, (iii) credit officer, and (iv) real estate investor all rolled into one.

Oh, and he’s got some sweet, horn-rimmed glasses.

Oh, and he’s also one of the champions of helping guys and gals like us (fellow investors) discover how to tap into portfolio lenders for deal funding opportunities you probably never even knew still existed…

…Just perfect for that 11th  or 37th rental you’ve got under contract, or maybe the mythical “C.O.R.” Beast you’ve been dreaming of (Cash-Out Refi).

But I digress...  A topic for another time perhaps.

So here, take a quick look at Jimmy’s top 10 and see where you stand. Maybe you’ll learn a little something like I did. I may know how to legally get out of accepting a Section 8 tenant if you don’t want to, but personally I had no earthly idea #2 was a problem, and #8 flat-out blew my ever loving mind…

Fair Housing Mistakes Infographic

So…Thoughts?

Had you ever heard about accommodating a hoarder for their “disease” instead of just evicting them?

Ever run up against the Fair Housing beast before yourself?

Do tell. Talk to me in the comments below.

-JP out.

About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. 🙂

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pearl4u713 Reply

I had never heard of Hoarding as a disease. I’m glad I found out, thanks. Guess I gotta brush up on my Fair Housing, Especially here in CA!

JP Moses Reply

I know, like I said that one really blew my mind. I mean, I guess it’s an expression of mental illness… but so is narcissism… is that a protected class now too?

Earl Reply

What if you hoard animals? Like cats? Do you have to protect them because it is a disease or do local animal laws override this based on limitations/licenses? Then can you evict them?

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