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7 February 2025 | 13 replies
Very cool story!
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20 January 2025 | 15 replies
@Matt 'Roar' Gardner Cool, thanks again for the info!
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19 January 2025 | 2 replies
Where do you suppose the water will go?
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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?
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17 January 2025 | 11 replies
I'm sure a lot of hard work went into building it up and cool that you get to reap the rewards!
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26 January 2025 | 5 replies
For example, I have a subject property that has 1682 SF on the main floor and 810 SF of finished basement (the majority of which is about 8 feet in height with the exception of some bulkheads to hide the mechanicals) and 271 of semi-finished basement that is a utility room basically (washer/dryer, freezer, hot water heater, furnace, some storage).
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13 January 2025 | 4 replies
ok cool thanks a lot for feedback Quote from @Rob Drum: Quote from @John Aaron: Anyone know any hedge funds that’s buying right now and their buy box?
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20 January 2025 | 5 replies
Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.
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13 January 2025 | 15 replies
Off grid sounds cool to some, but it really limits your potential guest pool.
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16 January 2025 | 1 reply
Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.