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9 July 2018 | 7 replies
Will my taxable income go down to $105k, or does that extra deduction carry over until I have a positive year?
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17 July 2018 | 22 replies
I was thinking of putting a modular home on pecan street (I've already met with the city about codes) and holding this property as a low income rental or even selling and carrying the note.
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6 July 2018 | 2 replies
don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.
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6 July 2018 | 1 reply
Hey group,
This is my first post asking a general question, so bear with me as I voice text this :-)
We are investors in Hawaii, Colorado and now Florida.
We are investing in Bay and Walton County Florida.
My qu...
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7 July 2018 | 1 reply
For example, if there is no debt, offer to pay cash for the bigger one if they carry the others.
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23 July 2018 | 28 replies
If you could pick them up at 60-65% ARV (seller carry lenders typically don't have robust notes and deeds of trust, servicing notes, and pay histories) and work with the borrow to refinance at or near a full payoff, you'd make a killing.
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11 July 2018 | 6 replies
However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer be locked and basically will have to do the financing process again) due to an issue we haven't run into before, but seems simply not legal to us, so we hope we can get some assistance.We only know as much as we have been told, so here we go... the home we are under contract for was sold to the current owners via an owner carry, so the note is held by a private individual (the owner before the current owners).
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17 July 2018 | 17 replies
However, the property was refinanced with a value of nearly $1m last year.In case you don't know this market, I don't need to conceal/carry to any of these buildings.I also have a small tech business in Plano Texas that has been in operation for 13 years.
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23 July 2018 | 7 replies
Doesn't necessarily need to be something monetary but even the possibility of hiring them for your properties could be value.After a couple times of doing these, you'll have a better understanding of the process... but there will still be variables (labor, materials, your exit strategy also carries weight as well, whether you're going to fix-and-flip to a retail buyer or rent it out.)
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23 November 2021 | 97 replies
Also have Windows based Laptop, and Apple IPad 2 for remote MLS Access that I carried when actively showing properties.