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24 January 2025 | 8 replies
To avoid reducing your lifetime exemption, you could gift equity incrementally, but this requires proper legal structuring (e.g., fractional ownership transfers).
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21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
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19 February 2025 | 204 replies
But OPEC has no interest is just giving up 20% profit margins, who would.
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19 January 2025 | 8 replies
Our home prices soared over the past 5 years and rents have only gone up incrementally creating an imbalance.
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19 February 2025 | 7 replies
How much net profit in general should I look for on a long term buy and hold rental property like this?
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18 February 2025 | 3 replies
Since hard money eats into profits, consider private lenders, local banks, or partnerships for lower-cost funding.
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18 February 2025 | 3 replies
When I was flipping, I took my profits and bought rental homes.
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19 February 2025 | 4 replies
Somebody else comes in and remodels, then sells and takes the profit.
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1 February 2025 | 0 replies
Investment Info:
Condo fix & flip investment in Las Vegas.
Purchase price: $275,000
Cash invested: $294,000
Sale price: $355,000
Seller was behind on pay HOA payments and in risk for losing t...
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20 January 2025 | 23 replies
I am trying to purchase a mobile home park that is already in a system of Mobile home parks that profit 87 percent for the last 15 years.