All Forum Posts by: Grigory Pekarsky

Mobile home parks are one of the best investment opportunities around. Because they can be so profitable, it is important to do your research before purchasing one. To ensure you purchase a mobile home park that will give you positive cash flow, there are some things you need to consider when looking at different mobile home parks for sale. You want to make sure that the location is ideal and not too far from amenities like grocery stores or shopping malls. You also want to look into what's included in the price of the park - such as wells, septic systems, etc., and who currently occupies them (and how much rent they're paying). 

You can do no money down deals in real estate by using creative financing methods. Using seller financing, partnering with a private lender, and other creative ways to finance your deal will help you close on the property without having to put any skin in the game.

The first thing you need to do is make sure your home meets the criteria for MLS. If it does, then you're ready to submit your listing! Depending on which real estate agent or company that you go with, they may have their own process of adding homes into the system (some require an email submission and others will allow everything through their website). You will need your listing agreement, photos of your house and either a flat fee or percentage of the selling price in order to list with the MLS. Typically, you will be able to update your listing yourself as well by logging into your account online or using mobile app. If you hire an agent, they may help manage this for you. Don't forget: when selling a home on your own there are no commission fees, but it's up to you.

An alternative way to invest in real estate without purchasing rental properties is by flipping houses. This means purchasing a home for cheap (usually at an auction), fixing the property up, and selling it for more money. As long as you can find a profitable flip, this is a great strategy that can be executed quickly. Many people have flipped homes before, so you need to come up with your own unique idea or method of finding homes that are just right for flipping. A quick search on Google will reveal many methods that other people use! Some recommend working with foreclosure auctions , talking to banks, etc., but there are websites out there where you can do all of the hard work for you. 

With the best of intentions, your tenant may come to you and ask if they can buy new curtains or a new window film, curtain, fridge, etc. You might be inclined to say yes but before you do so consider whether this is really necessary and whether it will affect your property's value. 

There are certain things that you as a landlord should think about before agreeing to your tenants' requests to purchase things like furniture, appliances etc. for their rental unit. Tenants will always have a long list of request from you and can take things too far when making these "suggestions." 

In order for a landlord-tenant relationship to work smoothly, there needs to be open communication between both parties. You should keep an open line of communication so that both parties can come up with a resolution everyone is happy with, such as cutting back on usage until the items become available through other means. Just remember not to give your tenants what they ask for without making sure it's something you actually want to do first! It goes without saying: just because someone asks for something doesn't mean it automatically gets bought.

1) Create a new term sheet that splits up the equity between yourself and your partner in accordance with their percentage of ownership.
2) Decide who will get what type of financing - if one person wants fixed rate financing while another prefers adjustable-rate financing, it's best not to mix them together because they have different risks associated with them;
3) If there are multiple investors, make sure everyone has an updated agreement reflecting the changes in ownership percentages;
4 ) Have a conversation with the person who is going to be taking over the loan and make sure they understand what type of loan they can afford to take on. If you have a partner, make sure you are both on the same page as far as how much you'll need from them after closing;
5) When disclosing your purchase price to an underwriter, disclose it as "the lower of p & l" - this way if there's a discrepancy between your appraisal and your P&L statement or tax returns, lenders will prefer your lower number since that's closer to the actual value of the property.

For most real estate agents, the idea of getting leads from a courthouse sounds like an easy way to get free leads. But is it really that simple? The short answer is no. Not all divorce records are public and not all public divorce records can be used for marketing purposes. That's why even paying monthly fee for unlimited access to public divorce records database will not always bring your qualified leads. 

How to determine where to buy small multi-families?  This is a question that I see time and time again on forums like BiggerPockets, as well as in-person with my clients. Many people (myself included) try to buy property in the town/city where they currently reside because it is most convenient. This may work out okay if you are interested in buying a single-family home or two-family home. But what about those of us who want to buy a four-plex or larger? Just adding one unit per floor can significantly increase your housing costs per month. Luckily, there are some things that we can look at when trying to decide which Connecticut city to buy your first multi-family property, which would be a profitable investment. You need to start learning as much as you can about your target city's property values and available properties. Once you have a significant amount of research under your belt, think about the following:

1. What is my intent for buying this property?

2. How much can I afford?

3. What kind of property am I looking for? Two-family home or four-plex? If purchasing a two-family, what type (raised ranch, side x side split etc.) would be most beneficial given my current housing costs in relation to the purchase price per unit in comparison with four units?

4. Do I want an apartment building with off street parking or do I want individual units. 

5. Am I comfortable managing a property? Will I hire a management company or use a friend to manage it?

6. How is the area demographic now and what can I project for growth/decline over the next ten years?

7. Is this an investment or do you plan on living in a part of the units as your primary residence or as another source of income (Airbnb etc.) such that you will live there half time and collect rent from there half time? What does cash flow look like if it were to be used as an income-producing property vs. an owner-occupied property- how would maintenance, taxes, and insurance cost change with each different scenario? 

It's important to close off market deals within a timely manner. This ensures that the business is making wise decisions, and also ensures that the customer is satisfied with their purchase. There are several steps you should take to make this process as seamless as possible for both parties involved.

One way that you as a homeowner can find out when the roofs were built is by looking at your property deeds. A property deed will typically show any new construction that has been done on a home including building permits, which should include information about when the home's roof was installed. Underneath every property deed there is also an associated law document called "deed restrictions." This document includes information about what type of structures are allowed in specific areas of the neighborhood. The type of roof installed on a house can be found in these deed restrictions as well as information about when it was installed. An online search can reveal any deed restrictions for a specific address and homeowners can also request to see their specific deed restriction documents from their local county clerk's office or city hall. The cost to view the document depends on the area but is generally affordable and will provide what materials were used for homes built before 1980. The building permit should indicate the age of a roof; however, this may not 100% accurately reflect what type of material was originally installed and further research into available resources shows that there are no accurate records that list homes by roofs' ages.