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Results (10,000+)
Yishi Zuo Mezzanine finance - development opportunity
17 August 2024 | 4 replies
The first prototype will have all specified fixtures, finishes and products as My wife and I like and approve.
AJ Wong Why large Investment Property HELOC's are hard to qualify for and what to do instead
18 August 2024 | 3 replies
Here are some tips to maximize the use of leverage without paying for unnecessary interest:- If the cash out is being utilized for RE acquisition have a strong pre approval and try to align the refinance with the purchase.
Brian Park What would the ideal real estate CRM look like?
15 August 2024 | 5 replies
@Christopher RankinThe CRM I use is called REI mobile, its specifically designed for real estate investing.
Samuel Coronado Developing a new mobile home park- Help
12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
Anastasia Monro Tips for a 19 y/o graduating college in the spring, wanting to invest by summer 2025
17 August 2024 | 16 replies
@Anastasia MonroTo achieve financial independence in real estate, focus on boosting savings, improving credit, getting pre-approved for a mortgage, searching for properties with high rental demand, researching local laws and regulations, building a team, staying educated, preparing for property maintenance and management, and being patient and persistent.
Jason Solley Buildium Bank Feeds Frustration - Software Suggestions
14 August 2024 | 8 replies
Entering 100 expenses at the end of the month is very time consuming compared to Quickbooks or Tiller spreadsheet, plus you cannot do this through the mobile app.
Noah Bacon HOA dues increased 98% YOY!
16 August 2024 | 19 replies
One of my HOAs, the master fire/liability policy was +15% this year (likely the max the state approved), the earthquake was +165%, and my personal landlord policy got non-renewed as the carrier left the state. 20+ carriers refused to write a new policy.
Ilya P. I need advice on how to get into my first multi-family complex
15 August 2024 | 6 replies
Hey, there, I'm currently getting approved for a single family loan to convert a large square footage Single family Into a 4 unit, then 5 units apartment building.cash out refi later and put that cash into a bigger building deal. also say a hud multifamily loan requires 10% down and 10% in the bank ( of purchase price )  but do i have to do this?
Michelle F. Which Banks/ Credit Unions will do a HELOC on investment property
17 August 2024 | 30 replies
I was still approved with Figure this month. 
Chase Brumfield Septic availability property analysis
13 August 2024 | 5 replies
Long story short, they recommend a process that basically looks like...Soil scientist --> (septic engineer IF needed) --> site plan --> county approval...We've spoken to a few soil scientists and they all quote 2k-5k to analyze the property for an appropriately sized septic system.