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12 January 2025 | 12 replies
I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!
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5 February 2025 | 17 replies
Here are a few high level thoughts for you as a beginner:-Don't lend in second position-Don't do deals with new investors-Don't experiment with new strategies, even with experiences investors- ie, don't jump in to a first development project with someone just because they've flipped 20 houses.
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21 February 2025 | 11 replies
I’m excited about the possibilities and am eager to continue growing and developing more homes in Massachusetts.
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19 February 2025 | 9 replies
We sometimes get buyers who have highly unrealistic expectations on performance, ease of self-managing and other aspects of owning the home.
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21 February 2025 | 3 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
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22 February 2025 | 10 replies
You'll never convince a tenant that they are getting a good deal, especially as a self manager, no point in even engaging in those conversations.
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16 February 2025 | 5 replies
In addition to real estate, I’m passionate about entrepreneurship and business development.
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5 February 2025 | 6 replies
I wanted to spark a conversation about a topic that’s been gaining traction in our industry: the balance between realtor-led showings and self-guided tours for properties.As landlords, we all want to maximize engagement and find the right tenants as quickly as possible.
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18 February 2025 | 8 replies
But house hacking, short/long term rentals, new build/ mixed use developments and live in flips all have my attention right now.
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10 February 2025 | 9 replies
By keeping your investments local you may be able to self-manage your properties more easily because you're close-by and already knowledgeable about what's required of you as a landlord.