All Forum Posts by: Phil Haynes

Already did

I have found an opportunity that look's good on paper but not sure if I should pursue it.

I originally thought it was a mobile home park with 45 units but it turns out it's 45 units within a mobile home park.

We'd never own the land only the units.

I drove by it yesterday knowing which units and it seems to be at least 50% of the park or better.

My initial #'s show it would cashflow nicely but my question is how risky is this.

Also how do I valuate the trailers?

I'm assuming I could never refinance once getting all units looking great.

Would love feedback.

What does everyone use for off market contracts if you're not using an agent.

My attorney that I've used in the past doesn't have a standard contract that I can fill in the blanks and close deals with.

Do you have to pay Capital gains tax on your wholesale fee