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11 November 2024 | 65 replies
(Turn-Key- meaning, they don’t have to deal with Tenants, Toilets, or Trash)In other words, all they have to do is close on the carefully vetted properties we bring to them.We provide property management, title, attorney and Insurance.We even screen tenants, deal with the various gov’t programs and provide a 3 month rent credit on the HUD.You’d see a firm that believes in keeping all investors continually “in the know” about their investments.And if that’s what you see, you’d be partially correct.But by taking a deeper look, you’d see that we’re much more than that…People choose us based on four main criteria…✅ Relationships✅ Accountability✅ Integrity✅ TransparencyIt’s about operating with integrity to build trusting relationships, being transparent with both successes and failures, and taking ownership through accountability…Focusing on taking care of our greatest asset, which is the people who choose to align with us.We want them to be able to lie down at night and sleep like a babies because they know we have their best interest in mind and always working to proactively solve any issue that may arise.To be 100% hands-off, while enjoying the passive income that hits their bank account every month.Just as sure as the sun rises…To the tune of double-digit net caps WITH equity.We conduct extensive research to know which markets present the biggest opportunities, which reduces risk and maximizes upside.And the best part?
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6 November 2024 | 1 reply
Using it as rental which covers all costs associated with ownership.
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6 November 2024 | 2 replies
One of the key upsides to MHP ownership is building the business and selling it for a profit down the road.
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6 November 2024 | 8 replies
If the units do need work, getting that done over the winter will also put you in good shape for spring, but do get your concern if you were hoping for that rental income in your first few months of ownership.
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9 November 2024 | 17 replies
However, ownership distribution must be clearly outlined based on each party’s financial contribution, and income and expenses must be divided accordingly.You might look into forming an LLC or limited partnership to pool funds, which can streamline asset management.
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6 November 2024 | 8 replies
You can set it up so the seller is the member of the LLC that owns the property so that if you are going under then the buyer is booted out of the LLC and seller takes over ownership.
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5 November 2024 | 5 replies
If you want it to be a business name, then I recommend you set up an LLC, transfer ownership to the LLC, and then change your leases to match the new owner name.What is your reasoning?
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12 November 2024 | 171 replies
Meaning, I think you have to choose your path a priori of either focusing on direct NNN ownership or get a slew of diversified DSTs.
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6 November 2024 | 13 replies
They paid about 90% of their first months rent after my ownership (after a lot of follow up on my point) and never paid another cent.
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4 November 2024 | 1 reply
They informed me that there was roughly $5k of past due assessments from before my ownership.