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5 August 2015 | 22 replies
I would suggest a newer build [1998-up] like a subdivision "vinyl village" home to purchase.These will cost a little more than an older home with the same rent but are much newer, typically on a slab [no moisture issues to deal with] and are easy to rent and/or sell in the future.One downside of this type of home is that most good markets [Indianapolis included] have been invaded by the Wall Street Hedge Funds and they have or are buying up this product at record rates.
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26 July 2017 | 12 replies
I'd look into McKinley Park, Little Village, Gage Park, Brighton Park.
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4 February 2018 | 3 replies
University of Buffalo which has a north and south campus, Buffalo State located close to downtown and in Elmwood Village, and Canisius College which is on the east side of Buffalo next to Main Street.Each school has it's own territory with UB having two (one each for north and south campus).
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18 April 2013 | 7 replies
Let me know what you think.1) The lots were going for mid 50's at one time - maybe more in the peak.2) Villages by me do not have a ton of duplex/4plex lots available.3) I was able to pick them up for 22.5k per lot (4 lots) and didit with 15% down as the bank also gave me the loan.
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7 April 2016 | 26 replies
Every time I buy tax liens in Sedona or Village of Oak Creek they redeem fairly quickly.
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22 May 2017 | 6 replies
There are parts of Mount Pleasant where it is strictly prohibited like in the Old Village and in neighborhoods with HOAs that prevent it and in those cases, yes, those people are just ignoring the rules.
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9 June 2017 | 2 replies
But to answer your question, you should go to the Village and complete a FOIA form requesting whatever documents you may need.
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12 September 2023 | 33 replies
Here are some things you should know:State associations are a good, but incomplete, source of information especially good for members.Governmental agencies can be a good, but incomplete, source of information but who has the information will vary from state to state and sometimes it involves more than one agency.Frank and Dave of Mobile Home University are a pretty good source of information but their information is not fully complete.MH Village has worked very hard at putting lists together but, as was previously stated, lacks ownership contact information.George Allen has some of the best actual contact lists but he will not share information.
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23 July 2015 | 37 replies
@Chris Reeves Bottom line 10 plus caps in the MHP space generally = low income to tweaker villages to down right mini ghetto's :) you can find some gems but there is a reason the cap rates are were they are at.. its the same as buy a C to D class multi in the major mid west market..
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12 July 2019 | 3 replies
It’s a duplex in the Morningside/East Indian Village neighborhood in Detroit, Michigan.Purchase price: $73,000 (pending appraisal)- 25 % down at 4.5 interest rate but with 3 points (I’m being told I’m going to get charged an extra point or two for the small amount of the loan)Expenses:Mortgage= $287 Property taxes= $125 monthly Insurance= $100 monthly Repairs= 7%Cap ex= 7%Water= $50 (I’m almost certain tenants will pay)Property management= $150 a month Other expenses= $50 a month Total income= $1400-1500 Total cashflow= roughly $350 per month All insight is greatly appreciated!