50 units from 500 sqft to 2000, on a park in a mid size city in norther ca.

The property also includes 6 off-street parking spaces, adding convenience for residents and visitors alike.BackgroundRedwood Capital Advisors was able to identify and purchase the building off-market from a ‘mom-and-pop’ seller for $1.34M.

If you can rent them, then they are a huge money maker.I don't recall what we paid for it, but let's say $10,000 and I use it 75% for biz.So depreciation is $7500 (assume 30% tax bracket, tax reduction $2625) That is a cash inThen rental say about 75 days @ $250/day = $18750Less costs (gas, repairs, service, insurance etc, which will also be a deduction from revenues) = $5,000So Yr1 you are at $16,375 and your machine is all paid for and then some.I don't have a garage so it is parked on the side of the property.

My favorite park about the MKE market as compared to others in the US is AFFORDABILITY. 

.- RV and Mobile home parks.

To overcome this, you need to know the neighborhoods Here's a breakdown of areas that would be ideal for fix and flips and or rentals West Side Detroit Neighborhoods:Bagley 48221Fitzgerald/Marygrove: 48221Aviation Sub: 48204North Rosedale Park: 48219, 48223Rosedale Park: 48223Grantmont: 48223, 48227Grantmont #1: 48223Russell Woods: 48238East English Village: 48224Southwest Detroit: 48216, 48210Redford: 48239, 48240Warrendale:48228 I have given the neighborhoods and zip codes of the areas to be researched.

It could be adding an extra bedroom, parking space, or kitchen where you can maximize the potential rent of the property.

Parking and Backyard Splits.

Purchase price: $475,000 Cash invested: $35,000 Triplex in LaSalle Park What made you interested in investing in this type of deal?

I did speak to a police officer I ran into while he was parked keeping eye a few blocks away from the property I purchased.