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20 December 2024 | 12 replies
You’re online listing doesn’t need to be a comprehensive photo shoot of every single nook and cranny of your home
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23 December 2024 | 9 replies
Look at other rentals in the area and see not only how they are advertising or promoting online but also the inside and outside of the rental so you can create a similar environment to try to replicate the same results.
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25 December 2024 | 2 replies
I have not been able to find any in person networking events in my area doing a basic internet search.
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19 December 2024 | 8 replies
I mainly want a site that offers advertising the property, online payment options, maintenance requests & at least a basic accounting aspect.Thank you in advance!
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27 December 2024 | 3 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.
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6 January 2025 | 14 replies
Personally, I've been in the mobile home investing space since 2007.
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18 December 2024 | 3 replies
If this person is local to you or you know them personally, see if they'll give you their time and (if so) how much of it.
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26 December 2024 | 2 replies
While there are definitely benefits to running a fund, it's tough to achieve success with funds as a beginner because oftentimes investors are attracted to the track record of the person or team running the fund.
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6 January 2025 | 38 replies
I would speak to lawyer and let them review the agreement maybe can do a class action and sue personally the managers if fraud.