All Forum Posts by: Sam Khumba

My HOA restricts from renting the home until one year has passed in ownership. I understand there are two strategies to subvert the HOAs rule: Transfer ownership with sellers mortgage on the property OR create a new LLC where the tenants are minority owners and thus no longer 'tenants'. This prevents the HOA from suing to vacate the property until a year has passed.

It makes sense if you build wood frame duplexes connected to city sewer and water in a high demand area. 

I'm building a mobile home park from scratch. The property has sewer and water so I plan to connect to public utilities. This means will need to spend significant amount of money on utilities and pavement. Overall the investment would be close to 1,000,000. The park will be set up as a rental community, returning 1150/per month per trailer. The community will have room for 14-16 units. Tenants will pay own utilities. This will return around 180-200K/year on a 1M investment. Does this make sense or what focusing on existing assets be wiser? The investment includes 24-29K cost per new trailer.