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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 | 6 replies
Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.
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9 January 2025 | 5 replies
Depending on your living requirements and your specific situation of course.
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13 January 2025 | 5 replies
If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.
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17 January 2025 | 11 replies
In your situation there is actually another factor that may work in your favor.Only the proceeds allocated to the sale of the building can be used in a 1031exchange.
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14 January 2025 | 1 reply
And because I'm looking for a long term finance situation, I'm not looking for a loan that is going to have a really high interest rate, with hopes of refinancing later.
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3 January 2025 | 12 replies
Normally, we would say no and wait until the end of the lease but due to the situation and hardships we would inspect for pets and pet damages.
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17 January 2025 | 6 replies
Dealing with warranty service is a pain in any situation but when you also have to deal with a tenant on top its even worse.
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14 January 2025 | 9 replies
If a landlord plans to hold the property for a while, we always recommend an annual lease, ending to align with the summer leading lesson, or staggered with their other leases depending on the situation.
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12 January 2025 | 2 replies
DOM nationwide isn't really terribly useful; in extreme situations we will already know the national economic situation.