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15 January 2025 | 9 replies
Planning for flexibility with frequent moves and understanding property management will set you up for success when you start investing in 2026.Good luck!
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7 January 2025 | 16 replies
But understand that Kiyosaki has a financial agenda behind his education as well.
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8 January 2025 | 14 replies
But more importantly ask for their rate sheet, if they can provide it, to understand, what the true interest rate is, the lenders spread, and the cost for that rate.More than likely if a broker is using the same wholesaler, it is because collectively, that lender is offering the most competitive rate.
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4 January 2025 | 14 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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11 January 2025 | 5 replies
It's my understanding it's now similar to if it was a mortgage foreclosure.
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13 January 2025 | 3 replies
While I understand the risks associated with investing in areas unfamiliar to you, my budget forces me to do so.
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9 January 2025 | 7 replies
I'm going off the understanding that you still need to spend 500+ hours in the business to achieve material participation (please correct me if I'm wrong).
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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 | 19 replies
That pragmatism will help you mitigate risks as you understand the different components of managing rentals
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13 January 2025 | 16 replies
You are correct, local banks would go in and sit with them and go through rates and financing and understanding the payment.