27 March 2024 | 6 replies
The property has a laundromat ($24K/yr), mechanic shop ($7200/yr), and 2 mobile homes (owned by the tenants) on a month to month lease ($400/mo).

28 March 2024 | 1 reply
My wife and I focus on both flips and airbnbs, with "infinite banking" as our wealth storage mechanism.

29 March 2024 | 11 replies
I have read about it over the years and while is seemed a big far-fetched when I was younger, I am now at a place where I can see the logic of the expansion over multiple properties - I think it was the BRRRR method that really sold me - where each property can contribute to the down payment of the next property (Still have a lot to learns about the mechanics of that and the balance of the extra monthly payment cost of the cash out re-finance, but I can visualize the logic of the concept).Sincerely,Joe

28 March 2024 | 0 replies
There is still some work to go but the heavy lifting is done with the bones and mechanical.

28 March 2024 | 1 reply
The owner is a master plumber and his company is licensed in all mechanicals and he has dozens of subs that do the high quality finish.

26 March 2024 | 11 replies
It wasn't a mobile home but the lesson still applies.

27 March 2024 | 6 replies
So for me its:- Private lending - Syndications - but MF or commercial - I do not have background on underwriting a mobile home park, or self storage etc. thus I tend to stay away from those types of deals.

25 March 2024 | 2 replies
I plan to flip my first property this year whether it be a mobile home, single family home or land.

28 March 2024 | 16 replies
Truly.....odd.The insurance industry can and must, to one of your points, do better to educate clients on the underlying principals, mechanics, and ongoing use of policies designed for IBC.

27 March 2024 | 4 replies
My question is, in this structure, what is the actual mechanism to account for cash flowing between the property management LLC and the holding LLC's?