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5 August 2020 | 3 replies
I like to lift weights, hike, and sometimes just watching movies in the house all day.
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12 January 2021 | 27 replies
And one thing for owners to remember - a 4 star review for anything else in life (restaurants, movies) is pretty good, it's just not good for Airbnb or VRBO.
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7 August 2020 | 7 replies
At the end of the movie, it's all about opportunity cost.
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16 June 2020 | 60 replies
Be the hero of your own movie.
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12 June 2020 | 8 replies
Almost reminded me of what movies potray the ghettos areas in new york from the 80's lol.
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1 August 2020 | 61 replies
When I was that age a lot of my friends were working at the grocery store or at the local movie theater, while those are not difficult jobs, they are stressful.
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26 May 2021 | 114 replies
When I talk about the 08/09 collapse I am talking from 1st hand perspective of a person active in real estate at that time and through it, not from books or movies, in the trenches reality.
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18 August 2020 | 8 replies
But the seller probably won't sell it that cheap.Then you look at what the replacement cost is. 55 lots x $15,000 + land = around $1 million.Then you go to the end of the movie and work backwards so 55 x $190 + 300 x 12 x .7 = NOI $90,300 so it's worth about $1 million.Since most people on deals like this want to make at least double the value of the park, then it looks to me like the most you could pay is $500,000 less all needed cap-x (assume $100,000+) so a range of $150,000 to $400,000.Then you look at the risk to get to that reward and it would be 1) buying homes to fill the vacant lots, coupled with renting or selling them 2) any cap-x the park needs since it has been poorly maintained 3) obtaining and retaining financing due to the low occupancy and poor condition 4) negative cash flow until you get it in a condition to cover the mortgage (based on what you pay).The wildcard on this park is the lot rent, as $190 is really low in when the U.S. average is roughly $280.
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21 August 2020 | 4 replies
If you've never watched that movie, it's an absolute must!
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24 August 2020 | 4 replies
It was something out of a spy movie.