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Results (10,000+)
Abraham Garza 1acre with 4 manufactured homes for rent is it a good deal? Newbie
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Anthony French Any ideas or information finding funding for a development
24 January 2025 | 6 replies
Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.
Garrett Jennings Can I do a hybrid of seller financing and bank financing?
17 January 2025 | 4 replies
If I were to approach a seller of a $200k home, and they had a remaining mortgage of $100k, could I get a new bank financed loan for that $100k, and have the seller finance the remaining $100k of equity to me?   
Deirdre Lizio Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
There's usually a good reason why a company is cheaper or more expensive.
Treza Edwards New Construction Rental Property
13 January 2025 | 6 replies
We've built, ground-up, several homes and my mortgage company finances tons of new construction projects.
Ethan Borshansky Can you 1031 Exchange into capital improvements?
21 January 2025 | 6 replies
The Exchange Accommodation Titleholder ("EAT"), often a sister company to the qualified intermediary, will form a single-member limited liability company and disregarded entity or ("SMLLC") to serve as the lessee.
Erik Sanders Mentorship groups/investment clubs for beginners
22 January 2025 | 2 replies
That style of learning and introduction to true industry catches my attention as having someone in the space that understands the space to bounce things off of and learn from seems to be the ideal way.I have through a handful of the webinars and follow up calls with different companies and they all basically pitch similar ideas and strategies.
Anthony Acosta CT Investor Seeking Connections – Let’s Grow Together!
21 January 2025 | 5 replies
I'm an investor, flipper, and property management company owner in central CT. 
Susan Sheraton Service Link - THE ABSOLUTE WORST
11 January 2025 | 1 reply
Always ask your agent to ask the listing agent which title company/closing attorney that they are working with.
Kris L. Agent Conundrum in Dunedin
23 January 2025 | 2 replies
(you need to differentiate when a Mark Spain type company is running radio ads to attract business for themselves from it actually helping you out)4) Our TEAM or BROKERAGE has sold "X" homes!