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Results (4,388+)
Levi T. Towing Tenant Vehicles When Rent Is Late
21 September 2017 | 123 replies
You can either find the closest public parking, rent parking elsewhere, or simply not park a vehicle. 
Kevin T. Mobile home park deal analysis
12 September 2017 | 4 replies
Here are the key data points:Park info  Located in Alabama61 lots25 owner occupied homes18 park owned homes (14 currently rented; 4 currently being repaired and should be rented soon)18 vacant lotsAvg lot rent - $160 (unknown what the market rate is but it doesn't sound like there has been a rent increase in at least a year, maybe more)Avg POH rent - $400Expense ratio - seller claims 26% but I'm estimating 35% for the lots and 50% for the POH'sCity water - individually meteredSeptic - good condition (allegedly); a couple were pumped last year, none this year (no lagoon thank heavens)Seller claims gross income $130k, expenses $30k, and NOI $100kI calculated gross income of ~$135k, expenses of $60k (55% on POH and 35% on lot rentals), and NOI of $75kOther infoMom & pop seller, but park is listed with a brokerPark has been on the market for > 3 years (recent price reduction)Greater metro area stats look goodPopulation = 115kMedian home price = $105kUnemployment < 8%Household income > $40kHousing vacancy ~ 15%Closest Walmart is 7 miles awayFreeway is 1.5 miles awayNumbersMy valuation is coming out about $80k-$100k under the seller's asking priceWith conventional financing I'd be hoping for a purchase price of $500k, $100k down @ 6% over 20 years (not sure if this is plausible or not)Assuming that financing, I'm expecting net cash flow of $40k (after debt service)Upside potential is in raising rent and filling the 18 vacant lotsFollowing the same assumptions above, raising rent $50 (if the market supports it) would change NOI to ~$90k and net cash flow of just over $50kFilling the vacant lots could potentially increase gross rent up to somewhere between $150k-$200k, depending on what the appropriate occupancy rate is for the areaWithout verifying any of the above information (haven't offered anything yet so there's a lot of DD left to do), the deal seems to make sense. 
Ron Ahmed Condominium Investors for First Time Investor, Zero Cash
12 September 2017 | 0 replies
The closest I can get to that over here in America is finding investors to do a CP loan on land where I will provide a list of suggested areas for sale, as well as the condominiums total 3D model with construction costs and all dimensions/specs provided.
Troy Nonnemacher Central PA Investors
13 September 2017 | 2 replies
We have a few local meet ups, the closest one to you I believe would be CARPOA which meets in Camp Hill.
Caleb Teachout Pensacola, FL area General Contractor Recommendations for Rehab
6 August 2019 | 3 replies
Looking on the events page the closest upcoming event I see is Destin/Fort Walton Beach Networking with @Arianne L this Tuesday Sep 19th. 
Mark Horn New Real Estate Investor In The Massachusetts Area
22 October 2018 | 4 replies
I took a similar path a couple years ago by utilizing the 203k and occupying one of the units - definitely HUGE benefits to that approach.I'm not as familiar with the Cape and Plymouth area, but one of my closest friends and colleagues is down that way and has acquired 5 multifamily buildings by starting with the same approach.
Tyler Barranger Finding and listing air B & B
1 November 2018 | 6 replies
The furthest STR is 7 minutes from my home, the closest is 3.
Michael Austin New to BP - New to Real Estate
19 November 2018 | 19 replies
I checked the board and the closest one is in VA Beach so far, but I’m not opposed to making that trip.  
Account Closed How has big data impacted your real estate investing?
7 December 2018 | 10 replies
Personally for me the closest I get to using Big data is looking at the different ways companies are packaging the information on mortgage origination reports, I like to see how investors are buying on the debt side to make the numbers work.
Miriam Po Remington vs. Pigtown for rentals
9 December 2018 | 9 replies
If you want to rent do you want current cash flow or do you want safer areas with more appreciation potential.Pigtown is the closest area to downtown that is still inexpensive but currently it is not very nice area.