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18 February 2025 | 3 replies
If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!
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23 February 2025 | 3 replies
Personally, I've been in the mobile home investing niche since 2007.
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23 February 2025 | 3 replies
Hopefully they do or your personal insurance covers them.
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23 February 2025 | 84 replies
They both had good intentions and I have personally seen the inner workings of the business in attempting the "Done for you" model.
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21 February 2025 | 30 replies
Well, I can say from my personal experience owning only A/B located properties, if you maintain all appropriate licenses, take care of your properties, and are responsive to your tenants its smooth sailings.
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4 February 2025 | 4 replies
Call 3 references: Verify that they work there, or that it is an actual person by asking where they work first, and don't mention who you are until after.
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6 February 2025 | 12 replies
If you set the vision and then define the roles and responsibilities I think you can have an easier time finding the person you are looking for.
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3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
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15 February 2025 | 14 replies
Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.
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16 February 2025 | 5 replies
I recently read a book that mentioned there being a lot of power and benefits of a personal corporation but I'm curious as to when a corporation is actually beneficial over the latter.