All Forum Posts by: Mark Turner

Stick with multi-families as suggested earlier. The recent spikes for 2020- present has made it more difficult for SFR investments. Other options include finding properties needing work. While in the end it may cost as much as a fixed up property, it can get you in the market earlier and maybe eliminate other buyers from driving up prices.

Where's the $25k coming from?  All of us, I think this is a political game to fool dumb people.  If it were to happen, it just means housing prices would go up making the downpayment money less effective.  Less Gov is better in real estate...hope people arent buying this propaganda.  

Just curious on who is investing in what.  Looking for information on newer trending deals or alternative investment options and how they are performing.

I have been involved in SF, MF, Vacation Homes, business partnership, peer to peer lending, etc

Thanks,

I just looked at a HELOC and a refi. I have a HELOC on my primary and was looking for one on my investment property. They are difficult to get. So I am going for the refi instead. The rate is fixed and lower than my HELOC... the negative is the closing costs in NY are high.

Belinda, thanks.  Good comments.  I have SF. MF, and seasonal lake cottages, etc.  

Just looking to turn over stones and see what else is there.  I've seen issues with book keeping from mom and pops like you suggest.  I think the big issues are managing it with a hired manager (and making money) and extending the (6 month in NY) season if possible.

RV

Thanks for the information.  Very thorough and spot on for one of the sites I'm looking at.  Numbers don't tell what you will need to invest to update the infrastructure.  You have to see it in person.

I haven't looked deeply into any of these.  I see some from time to time come up and I wanted to understand how to evaluate them.  I think there are always ways to increase rents, add more spaces, etc...but each park tends to have a personality and you either have to like it or make significant change to get it where you think it needs to go.

I saw that "rule of thumb" on their website.  Does it apply to year round MH Parks and Seasonal RV Parks?

Hi, looking for a way to evaluate an RV Park?  

I am familiar with evaluating SFR and MFR as I own those. Ideally, I'd like a primer (tool) to help with the financials. I want to physically look at locations, gather the right information and model them as a way to better understand the business.