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21 August 2024 | 94 replies
Lease option in my opinion is just a gimmick to get your money and get you to his events.
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22 August 2024 | 10 replies
This is evident already in the 32,000 square-foot Lego Discovery Center built last August, the coming Build-a-Bear to the mall, and community events PREIT has organized such as Taste of Springfield, and Cherry Blossom Festivals.
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23 August 2024 | 54 replies
My returns also got a bit too complicated with niche REI stuff for the great tax guy I used for many years and still does my parents and sisters taxes.They handle other REI guys and attend some REIA groups I went to and knew about bonus depreciation, K1, cost segs, schedule E and HELOC junk used for investing and private lending.
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21 August 2024 | 6 replies
Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.
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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).
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21 August 2024 | 4 replies
Also, I will start attending the Orlando CFRI meetings.
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20 August 2024 | 0 replies
We started a local art gallery and held events like weddings and other entertainment.
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20 August 2024 | 5 replies
I've just attended an ACRE summit and meet a couple seasoned investors.
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20 August 2024 | 3 replies
Hi @Ryan Dunn - the easiest is just to ask a few brokers that are active in the area, you can also simply attend a local real estate investors meetup (a lot of them are free or very inexpensive) and let folks know you're looking to offload your inventory.
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20 August 2024 | 13 replies
They have many cool networking events with other real estate agents.