
21 August 2024 | 9 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).

22 August 2024 | 8 replies
Working with your estate planning attorney will help ensure the trust is set up correctly to maximize these benefits.

21 August 2024 | 7 replies
And as far as this complicated setup that you have envisioned each of those shells has to have independent bookkeeping, and corporate minutes, some of them will probably require tax returns.

21 August 2024 | 3 replies
We are excited to get started but want to make sure we set ourselves up well by talking to folks in the field to set up our business model well, find great real estate agents and investors that work in our area, and see who else is out there doing it in this area.

21 August 2024 | 5 replies
**Sorry for the newbie sounding ques, but despite doing these projects for a while p/t, I'm struggling to figure out how to setup a steady operation.

21 August 2024 | 23 replies
But I'd also like to get into RE to leverage our current income to set up future wealth and (mostly) passive cash flow via LTRs on SFH/MFH/maybe some commercial.

20 August 2024 | 10 replies
Attorney's should help set up entities.

20 August 2024 | 9 replies
The fact of the matter is that no one's situation is really the same, so each person's ideal setup differs.

22 August 2024 | 9 replies
I personally like outdoor bath /shower setups over hot tubs, but if you can handle both, I would.

21 August 2024 | 1 reply
Before considering this, I do not want to set up the precedent that I will just bend whenever people ask for handouts. but I also want to be fair and am looking for unbiased advice on how to respond to this request.