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17 February 2025 | 61 replies
@Arsen Atanasovski first of all, you can’t buy even a mobile home in my market for $50k but yes I do help people in all price ranges here.
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11 February 2025 | 183 replies
"manufactured homes" yes previously known as mobile homes, but they have advanced tremendously in the last few years.
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14 January 2025 | 4 replies
If you can avoid asbestos, lead, and old mechanicals you can get a great property.
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13 January 2025 | 10 replies
I have an off market opportunity. 30 pad trailer park, only 19 trailers currently on-site 17 with MTM tenants. Rent roll was ~$8K last month. They are looking to get $500K for the park. 16 of the 19 trailers are park ...
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27 January 2025 | 35 replies
On propertyfinder.ae (non-mobile version) in the price graphs for areas like JLT, Marina from May 2021 I see price/sqft appreciating from 12 to 14%.
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31 January 2025 | 44 replies
I'm not how you are defining a BRRR that works, but if I have a unit with brand new roof, mechanicals, kitchens, bathrooms, etc... and leave 10,15 or 20% in the deal I still feel like I'm winning.
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9 February 2025 | 36 replies
If they are wrong, well, you can buy that deal from them (or their lender after they foreclose) a year or two or three from now for less than they paid...By the way, there is nothing wrong with buying a single family home or duplex--my first deal was a mobile home.
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7 January 2025 | 5 replies
Recently decided, to invest in a mobile home park but sold at a loss.
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10 January 2025 | 0 replies
When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.
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19 January 2025 | 51 replies
Question for the RentRedi users: do any of your tenants have trouble with the fact that everything is done through a mobile app?