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24 March 2020 | 30 replies
true- most lenders increased rates .25% - .50% in past 3 days in reaction to being at over capacity ....prob will take 2-3 months to get back to normal marketplace
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14 April 2020 | 11 replies
, but you could also put your skills to work in the corporate world in some capacity with a real estate firm and get paid while you learn.
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11 March 2020 | 9 replies
A lot of times properties will tell you it's at full capacity, meanwhile 2 months before they drop all criteria and fill the place with horrible tenantsProperty Management - it depends on how they charge, I just wanted you to be aware of placement costs and eviction fees.Area - don't drive around, WALK around for a few hours. 8-9 AM 11-1 AM 4-6 PM, go out to eat nearby possibly, sit in the car and just watch the area, talk to people, etc.
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11 March 2020 | 4 replies
is there a preferred realtor or broker to work for in this capacity that is friendly to investors or even mentoring?
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2 April 2020 | 7 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
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1 July 2021 | 37 replies
I actually lost my job due to covid because all the daycares in my area are at capacity and I couldn’t return to work on the date they set so they told me I needed to turn in my resignation so I’m kind of in a transitional period in my career anyways so I figure it’s the perfect time to dive into what I’m really passionate about 🤷🏼♀️
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9 September 2020 | 14 replies
I also want to be conscious that I'll need to be patient and need to find a deal that actually makes sense.The more I learn, the more I'm realizing how important it is to improve the property at some capacity, if I want it to appreciate overtime.
4 June 2020 | 3 replies
I believe they quoted me what my capacity would be based on self reported valuations and other underwriting criteria, like debt to income.
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3 June 2020 | 10 replies
Nighthawk is a excellent router (good choice) but if you are only pumping in 100Mbs thru it you are only utilizing a fraction of it's capacity.
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6 June 2020 | 7 replies
The rental marketing has been at full capacity for quite awhile, but with SAH orders, layoffs, food shortages etc, the rental market will most definitely drop considerably.