Donald DiBuono
Mobile Home Park Development
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!
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family.
Kyle Carter
How to best diversify your portfolio
3 January 2025 | 0 replies
Or is it better to utilize different strategies?
Colleen A Levitt
DSCR out of a DSCR?
9 January 2025 | 15 replies
Most DSCR loans come with a prepayment penalty that is typically 5% for the first year, 4 points for the second, 3, 2, or 1 pts for each year.
Brandon Vukelich
3-unit STR/MTR $107k NOI on $187k REV
21 December 2024 | 10 replies
Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?
Aaron Dyson
My Second Property: Investing in a New-Build Home with a VA Loan in Bryan, Texas
19 December 2024 | 6 replies
Make sure everyone knows a cleaning schedule, expectation for common areas, how are you splitting utilities, guest policy, etc.
Kane Spangler
Modular New construction Loan advice
14 January 2025 | 2 replies
Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?
Brian Stinson
Insurance deductibles for SFR
6 January 2025 | 5 replies
So, a house that would typically cost $100 per sq. ft. to build 5 years ago, is now costing $200 per sq. ft.
Karmine Cramer
Hi I'm Karmine!
7 January 2025 | 4 replies
I'm passionate about real estate and how utilizing this asset class can enable me to build generational wealth and retire early.