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13 October 2018 | 1 reply
Price is $275K, he won't carry anything back45 spaces12 lot rent28 park owned (would sell those to tenants on owner financing/rent to own to get to lot rent)5 Vacantpark homes rent currently $400-425lot rent currently $125- I think market is 175-200, but not many parks around so has been hard to get numbers3 bed houses rent in nearest large(ish) city of Florence SC (30 mins away) rent for $800-900city water and sewersmall park footprint wise, just 2 roads- 1 paved 1 dirt- and all houses in the middle of it, very small footprint, tight parkArea:Marion SC, super small town, but is 10 min from super walmart, 30 min from Florence, that is the nearest MSA (technically Marion is not in one)Marion small, slowly dying town; Florence growing, solid city/townFlorence metro good growth since 2000, like 17%, low unemployment, everything looks solid there.Numbers:I am pro forma-ing it at $150/space lot rent, 40 spaces, $6K/mo, after 45% to expenses is $3,300/mo net/mo... which is $39,600 net/year14.4 cap on property pro forma12 cap on property based on 125/mo lot rent at 40 spaces.
14 October 2018 | 2 replies
If you want to sell the house, you should buy one that is in the middle of the group for the neighborhood, not the biggest and not the smallest and that has similar features to what people are looking for in the area.
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3 December 2018 | 27 replies
It's in the middle.
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25 November 2018 | 5 replies
@Will Barksdale I’m in the middle of this too.
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15 October 2018 | 35 replies
Didn't help that it was in the middle of the night.
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15 October 2018 | 8 replies
Also, the middle class has been shrinking by 11% since the 70s and that trend is continuing -> more tenants for me.
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14 October 2018 | 4 replies
Agree with @Ivy Flowers.
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28 January 2019 | 3 replies
Im in the middle of buying my 3rd rental property on long island.
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14 October 2018 | 7 replies
@Russell Brazil I agree with Russ totally depends on what kind of real estate.. keep in mind that when you ask this on BP 90% of those on this site will gravitate to the only real estate is rental either sfr or small plexs or MF.. there are many many other types of real estate .take for instance in my mind one of the safest and most passive is investing in land in the path of progress.. pay cash and hold it.. nothing to it.. over time if you buy right or you buy a timber tract with middle age marketable timber species like Doug Fir or white pine west East … these are very solid long term safe investments that you just make and sit and wait.some of the biggest money made in real estate though is land in the path of progress.. this keeps you immune from the ups and downs and risks of tenants..
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14 October 2018 | 1 reply
Also, I know it all depends on the deal, but a few of my options are: MFH (maybe 4 plex) in low/low middle class central Phoenix SFH in a nicer area in phoenixDuplex/condo in Lake Havasu to attempt for vacation rentalsSo those of you who wouldn't mind sharing your advice I would GREATLY appreciate any!