All Forum Posts by: Ashley Zhang

@Paul Clement I was looking to buy storage in grand junction for over a year only because I reside in grand junction. I sent out mailers to reach out to all the owners in the town. If you still own other facilities, I am happy to connect. BTW, what do you think will work teh best as far as reaching out to owners? Call, mailer letter, or stop by and visit? Thank you, Paul! 

Thanks, Henry, for another good post. The details you provided are better than many published books. I learned a lot from reading your post. 

Hi Teresa, thank you for your advice. In this newly developed park, the owner will need to buy the land and mobile home. I will check the insurance. that's a good point! thank you! 

Hi Ben, thank you for the advice! you made a good point, the depreciation of the mobile home is my main concern. In this newly developed park, I am looking at, the owner will need to buy the land and mobile home. it's in a highly desired location, honestly, I don't know how the developer persuaded the city to agree to do this. The land value is very high. I will need to think about it for sure. thank you so much! 

Hi BPers, Need help to analyze a mobile home purchase. I found some available lands for sale that allows single and double wide mobile home, for $48k-53k. Park HOA required putting down foundation. Also water and sewer tap need to be purchased separately, prob 7k each. The realtor said it will be 80K except thr foundation. I am thinking of rent it out. Will this be worth the return? Thank you for all the advice! Thank you all!

Darn~ I have something going on at the same time that night. 

Hi BP folks, anyone have closed SBA 504 or 7a recently successfully in Colorado? If so, how did it take? Thank you!

I am very reluctant to do the reno since this house is 120 years old. 

Hi Justin, thank you for your quick response! It will be very challenging since city even mentioend i'll need to talk to them before any actions. The SFH is not the worst shape, but not good either, too outdated, such as windows are 100 years old. I actually is unwilling to do the reno at all. I was intend to sell it, my main goal is to keep the lot and build duplex initially. However with the high-density requirements, i cannot do it. I dont have any experience building multifamily. I just not sure if this is the right opportunity to start one. Thanks!

HI All, I am thinking purchasing a property zoned high-density. 1 acre required minimum 8 units. this property is 0.76 acre and has a SFH ( built in 1900) on it. Initially I was thinking buy it and split the lot into 2 parcels, 0.5 and 0.26 acre, and sell the one with SFH on it, keep the vacant land. However because of the zoning ( RMF-24, minimum 8 units required on 1 acre lot) , my plan probably won't be acceptable by the city. Then I am thinking my options will be: 1) buy it,renovate the SFH, and sell it; 2) Demolish the SFH and build 6-8 units on it 3) split the lot to 0.5+0.26, build 4 units on 0.5 acre. I have the common problems others have, funding! mu fund is only enough to put down payment for purchasing the property as SFH. and I'll have very minimum money left to spend on construction, utilities, etc. I don't want to give up just like this, I am seeing the opportunity, however I need some help/ideas on making it happen. I appreciate all the response! thank you so much and have a wonderful day!