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16 January 2025 | 6 replies
I feel like getting my foot in the door now with this one property would allow me to learn without being too overwhelmed.
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17 January 2025 | 3 replies
You should allow a 1-2 Weeks for the appraisal, and 1-2 weeks for title and insurance.
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12 January 2025 | 12 replies
I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!
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13 January 2025 | 8 replies
Both allow you to avoid touching retirement funds while leveraging the value of your properties.
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14 January 2025 | 18 replies
I'm guessing though that since the IRA owner isn't allowed to take out a salary, perhaps the SDIRA LLC will be required to hire employees?
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13 January 2025 | 5 replies
It sounds like some lender will allow you to get a 2nd mortgage for that $172K amount and some will not.Does anyone know of any lenders that can work with this?
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27 January 2025 | 17 replies
A double-entry system (like QuickBooks) allows you to reconcile your bank statements,
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16 January 2025 | 1 reply
This allows you to test all the systems and the people involved.
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17 January 2025 | 20 replies
It allows you to take advantage of a low down payment loan.
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19 January 2025 | 27 replies
I have always allowed pets with a small fee and think service animals are crucial but don't want to be forced into ESA.