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23 November 2017 | 14 replies
The sponsor argues that they get credit for bringing the millions of financing their reputations allows them to secure to get the project done.
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18 November 2017 | 5 replies
It's 1,344 finished single family manufactured house built 2005 over a 1,344 sqft basement with 9' ceilings (2,688 total sqft.)
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24 November 2017 | 10 replies
We want to eventually build 3 more houses or manufactured homes on the 3 vacant lots.
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18 November 2017 | 2 replies
As the face of the business, the awesome reputation (being positive here) will directly reflect on me not some faceless business where people have no idea who owns it and have to track them down.
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19 November 2017 | 13 replies
. Ownership of a manufactured home and the land on which it is situated that is titled as real propertyType of Property Ownership NOT to include in Financed Property Count: Ownership of commercial real estate. Ownership of a multifamily property consisting of more than four dwelling units. Joint or total ownership of a property that is held in the name of a corporation or S-corporation, even if the borrower is the owner of the corporation and the financing is in the name of the corporation or S-corporation. Ownership in a timeshare. Ownership of a vacant (residential) lot. Ownership of a property that is held in the name of an LLC or partnership where the borrower(s) have an individual or combined ownership in the LLC or partnership of less than 25% and the financing is in the name of the LLC or partnership. Ownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).
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20 November 2017 | 3 replies
We have written estimates lined up from licensed/reputable contractors.
2 December 2017 | 11 replies
I asked why he used my accountant and he said his firm (a very reputable firm) is pretty well known for real estate deals.
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20 November 2017 | 14 replies
Any suggestions on some reputable ones to start?
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19 November 2017 | 2 replies
Hello AllI am an out of state investor looking for a reputable realtor that has experience working with out of state investors.
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22 November 2017 | 12 replies
Current rents: you can glean this information through online sources as well as old-school searching (walk-ins, calling the buildings)Talk to local brokers to get the inside scoopMarket analysisCheck to see if building is in a flood plainYou can ask for, but these items are usually provided after signing a contract: Leases for lease auditing against bank statements, tax returns and leases (usually not provided before a contract has been signed).Tenant payment historyViolations, delinquenciesLease addendum and/or other agreementsTax ReturnsBank StatementsUtility billsCan RUBS be implemented (some municipalities may not allow it)Service contractsReserve fundsEnvironmental assessmentEmployee recordsStructural issues including foundationEmployee historyOther value-add features that can be added include:Trash valetCar portsStorageDog parksTo be honest, a similar level of due diligence is required across multifamily and manufactured housing (mobile home parks).Best of luck!