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20 May 2024 | 4 replies
Here's the post minus her contact info and exact address:I'm telling mine pretty rough shape mobile homes I feel about my dress this would be worth almost 200,000 not too long from now so good because I need to live in it for 15 more years until I die whichever comes first I think 35 in cash and you can take it over when I die or 15 years first or I'll accept 10,000 cash down and a few hundred a month until you ready to take it over at that time of my death or whatever then you would be giving that payment to my children until the contractor satisfied serious requires only please or you can email me let me know if you want to come look at it whatever money I get at the beginning and their household it's going to go into fixing the place up by the time I die I hope it's quite nice extremely life actually before the viral to be able to actually move into it themselves it'd be a hold of my place by the time I can do any more to it hopefully waterwood drive Gainesville Georgia 30506 I'm ready to do it ASAPMy first reply:Cute area, actually owned by poster, and almost a half-acre with the small 684-foot trailer.
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20 May 2024 | 20 replies
I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.
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24 May 2024 | 100 replies
The answer depends upon where the property is at (local regulations and political headwinds), interest rates, unemployment-employment, household debt levels and consumer confidence, cost of getting there (airfare, gasoline prices, etc), cost of running the STR etc.
20 May 2024 | 14 replies
Keep an eye on how loan rates move and try to guess their next step, as even a tiny rate change can mean more or less money each month.
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17 May 2024 | 2 replies
- $500,000 Purchase Price- $0 Down Payment- 4% Interest- 30 Year Am- 10 Year Balloon- Monthly payment: $2,387Business Plan: Convert to 44-pad tiny home (tenant-owned) community that will cash flow ~$20,000/mo and be worth ~$3.5 million!
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21 May 2024 | 41 replies
She trapped us into signing the lease as 1) there were no reasonably priced properties to rent & 2) we were not planning on moving this fall, so no money saved, nor household packed.Her property needs new windows because they leak and we have had major water damage, bathroom vents to be installed & mold removal from said bathrooms.
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24 May 2024 | 259 replies
Now, if you want appreciation, I would look for the stabile, high growth, and I household income vs cost of living.
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19 May 2024 | 8 replies
Being tiny unit added costs.
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16 May 2024 | 7 replies
I know of two other landowners who own STRs that are interested for either dedicated tiny home “villages” or as ADUs to existing properties.
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15 May 2024 | 2 replies
Ugh, tiny houses fall into this tiny crack where they are disqualified from pretty much everything.