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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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23 January 2025 | 8 replies
You'll typically need to set up your account and get familiar with the process of working with the local housing authority.
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12 February 2025 | 19 replies
Security deposits have to be held in an escrow account disclosed to the real estate commission which requires a yearly report and all leases need to disclose your license information.
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23 January 2025 | 5 replies
Bonus if you do any of this in a Roth account.
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18 February 2025 | 148 replies
How do you know there are funds have you seen actual bank accounts ?
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18 February 2025 | 14 replies
They don’t have a retirement account.
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8 February 2025 | 9 replies
We’re seeing investors adjust their acquisition number and buy at deeper discounts to account for higher financing costs.
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14 January 2025 | 8 replies
If you are able to setup a credit card identical to your accounts payable accrual account, it should operate the same.
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19 January 2025 | 354 replies
Quote from @Sam Wilson: We invested via a retirement account.
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22 January 2025 | 7 replies
With a larger organization like iintoo you'll likely be talking to an account manager that has been assigned to working with you.