If this isn't what you thought of when the idea of REI popped into your mind...well...RUN.  

Pop the champagne 🥂!

(target mom and pop) or be like good ole Grant Cardone and target only 35 plus units ( ps. that's when OPM comes in handy)...oh man There's so much...And by the way, all that knowledge was gathered for FREE. nope...didn't pay a dime.

I've noticed some rentals pop up on zillow that were way way way higher than what I was seeing in cross reference, I'd suspect someone was trying to manipulate the local data, I only noticed it by luck and spend countless hours on various sites.

I'm a fairly new investor and a question popped to my head due to the recent events with Equifax.

A lot of people will use turn key reviews you can see virtually every turn key company in america and every turn key market on ONE website.. without having to go into their squeeze page and get spammed.whats really cool is Brie also put up a comparison tab so you can pop on say a property by Smartland and compare it with one from JWB side by side.. and or any other turn key companies..check it out its a great first tool to start to narrow down your search.also from my point of view all these markets are interchangeable..

Impound fees are $150+, they don't like it when they get popped twice in a day or so.I also like the parking leasing agreement as it can introduce more fees that allows us to collect more revenue, such as a late fee on the parking agreement, car detailing services, etc.

Hi All,I'm entertaining the idea of digging out the basement of my fourplex in DC, and maybe even adding another floor (pop up) at the same time.

You can also see changes in pop growth, house prices, and median income since 2000.

Here are the key data points:Park info  Located in Alabama61 lots25 owner occupied homes18 park owned homes (14 currently rented; 4 currently being repaired and should be rented soon)18 vacant lotsAvg lot rent - $160 (unknown what the market rate is but it doesn't sound like there has been a rent increase in at least a year, maybe more)Avg POH rent - $400Expense ratio - seller claims 26% but I'm estimating 35% for the lots and 50% for the POH'sCity water - individually meteredSeptic - good condition (allegedly); a couple were pumped last year, none this year (no lagoon thank heavens)Seller claims gross income $130k, expenses $30k, and NOI $100kI calculated gross income of ~$135k, expenses of $60k (55% on POH and 35% on lot rentals), and NOI of $75kOther infoMom & pop seller, but park is listed with a brokerPark has been on the market for > 3 years (recent price reduction)Greater metro area stats look goodPopulation = 115kMedian home price = $105kUnemployment < 8%Household income > $40kHousing vacancy ~ 15%Closest Walmart is 7 miles awayFreeway is 1.5 miles awayNumbersMy valuation is coming out about $80k-$100k under the seller's asking priceWith conventional financing I'd be hoping for a purchase price of $500k, $100k down @ 6% over 20 years (not sure if this is plausible or not)Assuming that financing, I'm expecting net cash flow of $40k (after debt service)Upside potential is in raising rent and filling the 18 vacant lotsFollowing the same assumptions above, raising rent $50 (if the market supports it) would change NOI to ~$90k and net cash flow of just over $50kFilling the vacant lots could potentially increase gross rent up to somewhere between $150k-$200k, depending on what the appropriate occupancy rate is for the areaWithout verifying any of the above information (haven't offered anything yet so there's a lot of DD left to do), the deal seems to make sense.