All Forum Posts by: Samuel Coronado

For the water metering- are you doing a sub meter like PUBS or are you putting in direct meters for every home? I looked at putting in meters direct to every home, but they would cost roughly $2,000 per meter if put as direct to tenant, which seems cost prohibitive. Our water bill is below 150/month and even below 100 some months when it's not winter and tenants aren't letting the faucets drip, but overall it's not a nuisance. 

We are well on our way there. We are everyday approaching a European model where people own less and less of both land and buildings. 

Sometimes the government sets hard limits on the number per acre. Sometimes it's more on the side of how well the soil can absorb x amount of waste from a septic system. 
There is a where I am at currently, developers have to have 250 gallons of septic capability per bedroom, which would be like 1000 gallon tank for 2x 2bedrooms. Then you have the leach fields and such. I'd start by checking local restrictions and zoning for that specific plat of land and then getting your land perc tested and then see what the capacity is. In rural NC, I don't imagine it will be too stringent out there. 

 Fairmount is very rural. How big are you looking to make it? 

I am doing something similar in Alabama. I can walk you through it. 

 What was the specific rate he was quoting you? 

I can lay some things out for you. 

What does the monthly P&L look like? 

Follow up to this, on the week of closing, Nexa Mortgage through UWM increased the closing cost by a almost $3000. I pulled out and said no. Luckily, rates have fallen again in anticipation of the Fed announcement from last week. I am still looking for a VA IRRRL

 You evict them first. They get removed from the premises. Chances are if they can't pay the lot rent, they also can't pay the thousands it takes to get the home moved. 

 I am in Athens, AL and was looking at using them for a 25-pad park. Can you tell us more about the water damage you got? For the financing, what was the issue? Were you not able to sell them before the two year mark up?