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10 September 2024 | 8 replies
Just make sure they won’t place a lien on your company.Equity Partner: Consider bringing in an equity partner to help with the $300K down payment in exchange for a share of the property.Renegotiate Terms: Try to renegotiate the closing date or lower the down payment amount.
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10 September 2024 | 28 replies
It is part of a larger building and I am not able to assess whether it is in some way a condo, and if so, are they up to date with any fees.
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6 September 2024 | 2 replies
Does anyone have any insurance companies they've used for insuring a mobile home community with a lagoon?
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14 September 2024 | 26 replies
When I see a property starting to underperform, as the manager I have to run the data to figure out why and then make adjustments whether is lack of amenities, need updated photos, replace a couple pieces of dated furniture or increase my focus on advertising that property specifically.
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9 September 2024 | 12 replies
There doesn't seem to be enough information to support that.If you purchase a property but then spend 4 months rehabbing it before its first occupancy, your depreciation starts from the date it's placed in service (first occupied) not the purchase date.
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9 September 2024 | 7 replies
The good thing about purchasing an RV Park / Mobile home park is that potentially, a good portion of the purchase price will be eligible for bonus depreciation.This assumption is assuming you don't own most of the mobile homes but moreso the park and lease out the land.Best of luck.
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11 September 2024 | 9 replies
Odds are that the changes needed are not likely to help one get near to the Pro Forma goal/wishes.As an LP, I'd want to know if we were going into the closing w/o the full raise, and for sure to be kept up to date on the plan to resolve the shortfall asap.
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10 September 2024 | 34 replies
Consult a Real Estate Attorney: Given the proximity to the closing date, consulting a real estate attorney may help you navigate any legal implications and ensure your interests are protected.4.
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9 September 2024 | 6 replies
In the form, it says I can only work with them exclusively from a specified beginning date and end date.
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11 September 2024 | 10 replies
I also file a 30 day notice if they don't commit to renewing their lease between 30 and 60 days from the lease's termination date.