
11 November 2024 | 5 replies
Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

11 November 2024 | 2 replies
I have a chance to acquire a property that includes a mobile home park (100% leased) and a separate multifamily property.

11 November 2024 | 8 replies
From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

13 November 2024 | 23 replies
To be fair however, I'm looking for permanent debt on a mobile home park I own in which the trailers are also included in what I own.

11 November 2024 | 7 replies
A couple additional facts that might be helpful, include that the HOA president rented his home out for 10 years (on Airbnb).

12 November 2024 | 8 replies
Below is my understanding but recommend confirming all of this with an attorney.Lease Terms and Updates: In Wisconsin, you can add clauses to the lease that spell out cleanliness expectations or even include a cleaning service if needed.

12 November 2024 | 17 replies
Is that including the basement or not?

11 November 2024 | 13 replies
From there, there are a lot of other things to consider, including what your passion is for real estate.

11 November 2024 | 8 replies
Only thing that popped up for me and it might not ever again is that when Trump shut down the government a while ago it included HUD and I was getting nervous that payments would be delayed.

11 November 2024 | 36 replies
In addition, several items can be done simultaneously (I highly recommend this to save time as time is your enemy) such as doing the exterior siding or stucco at the same time interior rough electrical and plumbing is going on.Foundation is always first and rough framing follows that (which includes windows and exterior doors).