
12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

15 August 2024 | 57 replies
So, I accepted modest appreciation (doesn't really look that modest since about 2020, honestly), and enjoyed a steady income.

10 August 2024 | 85 replies
I hear this from some of my STR tenants. 99% of my tenants are contractors.

13 August 2024 | 11 replies
This PM LLC doesn’t hold any assets and it’s doing all the interfacing with the public, vendors, contractors, tenants, etc.

11 August 2024 | 5 replies
Hi @Delaney Best Are you posting here because you're looking for a contractor?

12 August 2024 | 13 replies
Most contractors aren't going to want to do a small roof job like that (and you don't want to see their quote either).

11 August 2024 | 5 replies
Another was making a contractor leave while he was trying to make a repair to name a few.Here we need to serve 10 day notice explaining lease violations.

8 August 2024 | 6 replies
We actually enjoyed the experience (shout out to Johnny Reno and the Sax Maniacs), but it was just a bar, just a meal, just a new music group; not your house; so, your level of disappointment was immensely greater than ours.

7 August 2024 | 6 replies
Had a bad experience recently with a contractor.

16 August 2024 | 277 replies
So enjoy it and be persistent, and patient.