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5 August 2024 | 21 replies
I do mobile home parks.
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6 August 2024 | 4 replies
Are trailer park homes good investments?
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8 August 2024 | 28 replies
There can be shared laundry onsite, shared parking, shared (yet separated) yard space etcAs for the math portion, I run my rental comps on rentometer and compare it to other ADU's or 1/1 units and their rent amount.
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5 August 2024 | 4 replies
Same if you park it (your cash, not your ride) and not use it at all.
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2 August 2024 | 4 replies
It is a 5br house in southwest side of portage park for $350,000 and each bedroom will rent $800-900 range from comps we found.
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10 August 2024 | 85 replies
Kids are adventuring and walking too and from school unattended, people park where they need to, people use common sense to make decisions more than relying solely on the rules, etc.
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6 August 2024 | 29 replies
In the span of a couple years properties that were selling for $120-150 a unit are now selling for $150-200+ while rents are capped out and even then A.) won't math out and B.) are too expensive for most to afford anyways.i spend a good deal of time underwriting properties to show clients and routinely i'm looking for deals that have been on market for a couple months or longer so i can chop the purchase price by $200k and somehow get the numbers to work.
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8 August 2024 | 46 replies
Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)
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4 August 2024 | 2 replies
I added extended driveway, RV parking, back yard landscaping w/ covered patio, shiplap on two interior walls, and painted accent walls in every room.
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4 August 2024 | 1 reply
That way we can buy homes already placed in parks and make cashflow + a down payment and don't require a real estate license.