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24 May 2024 | 100 replies
I had a condo unit listed for one of them and they just decided last week not to sell after seeing a flurry of bookings on their AirBNB site.As others have mentioned, the middle class might spend less on restaurants and pricey gym memberships during a recession, but they still need to recharge and still want to make family memories with their kids.
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20 May 2024 | 8 replies
To fill a vacant mobile home park lot typically requires bringing in a home and selling it, while filling a vacant RV park lot simply means somebody pulls in their motorhome or travel trailer.Think of RV parks more like owning a restaurant (and the hands-on management that entails) while owning a mobile home park is more like owning a parking lot that rents spaces out monthly and is much more passive in management.Some people just prefer one business model over the other.
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20 May 2024 | 10 replies
Maybe you will have a closer commute to work, maybe you're closer to parks, favorite restaurants, interesting events, etc.
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23 May 2024 | 80 replies
There's a commercial hub with brewrries, restaurants, shops, recreation rentals, store, etc. plus its close to rivers. waterfalls, mountains.
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20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
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18 May 2024 | 10 replies
There's a good one I used to attend Tuesday Mornings 8AM in Matthews at Jonathans Restaurant.
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18 May 2024 | 10 replies
I guess when you go to a restaurant , you bring your own steak and ask them to cook it ?
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18 May 2024 | 9 replies
We will usually comp cleaning fee or give gift cards to local restaurant to comp any legitimate issues.
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17 May 2024 | 3 replies
If it's commercial property, active churches support bakeries, cafes, restaurants and florists/gift shops.
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16 May 2024 | 5 replies
I do have customer service background working in high end restaurants in Orlando for 8 years (getting food shopped all the time and passing with 100%) and feel I would be an excellent asset to someones property in it becoming a successful STR.