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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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14 January 2025 | 37 replies
Multiple investors with decades of experience, some GP, some LP, some skeptics about the entire business in general sense and some bulls who have gotten rich from investing have all chimed in on this you got links to specific case studies from Brian Burke, a seasoned syndicator, a guy check from Melanie p, who makes it a part time job taking the trash out and exposing the shenanigans of one syndicator after another.Greg Scott has an excellent reputation on these forums, and provides a counterpoint to Melanie’s skepticism.
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23 January 2025 | 20 replies
I also have talked with this company but I feel they are not telling me the whole story, makes me leery of this business.
12 January 2025 | 10 replies
A business line of credit through your LLC protects personal assets, builds business credit, and may allow interest deductions, but it might be harder to secure for a new LLC.
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27 January 2025 | 21 replies
In south Florida, there are a ton of free RE networking events where contractors, agents, mortgage brokers, etc all meet for drinks etc and I have found this to be a great way to find good people in the business.
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13 January 2025 | 16 replies
I almost fell over dead thinking maybe I was going into the wrong business.
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20 February 2025 | 51 replies
Now most of my deals are a combination of our business money, bank money, hard money, and private money.
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12 January 2025 | 8 replies
Do you guys think there will be regulations that will be created around this that might affect those companies, or worse smaller businesses?
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11 January 2025 | 3 replies
Aloha Shay, I am on Oahu, but about 10% of my business is on the Big Island.
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14 January 2025 | 28 replies
It forces me to get real familiar with my business and how my properties are performing.