Tekoa Glover
Mobile Home Investments
12 January 2025 | 1 reply
Majority of DSCR Lenders do not allow Manufactured homes but do allow for Modular.
Beau Wollens
First time fix and flip opportunity in Stamford Connecticut - Total Gut Renovation
13 January 2025 | 11 replies
After some research online, I am reading that the cost per square foot on a gut renovation of this nature in Stamford CT is anywhere from $150-$350, which is ultimately not very helpful, because at $150 per sq ft, this is a very appealing project with a total profit of ~$175K (46% ROI) and at $350 per sq ft, it very much isn't, because it would be a net loss of 83K (haha).QUESTIONS:What can I do refine my estimate a bit given that I am not allowed to a formal inspection on the property?
Kelechi Okoro
DSCR Lender that accepts 3rd party down payment deposits
14 January 2025 | 3 replies
I am looking for a dscr lender that will accept crypto or DSCR lenders that will allow me to use a 3rd party deposit for my down payment.
Fernando NA
I need some help on log cabins
7 January 2025 | 2 replies
>Do the local laws allow short-term rentals for off-grid cabins?
Summer Shelton
Income from property considered when applying for loan as primary residence
11 January 2025 | 8 replies
@Summer Shelton yes, FHA loans do allow this but make sure you speak with your lender about some of the trip ups from these loans.
Aaron Wolman
First Turn over
11 January 2025 | 7 replies
The law allows you to charge for ALL cleaning, including trash removal.
Donald DiBuono
Mobile Home Park Development
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!
Aaron Raffaelli
DSCR Loan for a first time REI
8 January 2025 | 17 replies
Aside from that, there are DSCR loans out there that cater to first time homebuyers, some that even allow those that live rent free to purchase as well.
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
I have been able to review or been told of several audits (from other REI tax colleagues) related to cost segs in the last year or so- and of those none of DIY cost segs were allowed under audit.
Farnaz Z.
How to screen a tenant without a social security number?
13 January 2025 | 4 replies
Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law.