
13 August 2024 | 4 replies
I'm happy to connect!

13 August 2024 | 3 replies
They come from a good place of wanting to make connections or get help, but the way you make your request in the forums can open you up to a lot of pitching if you are not careful.

12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

14 August 2024 | 14 replies
I can connect you to my insurance broker, she has helped me a ton when farmers dropped me.

12 August 2024 | 1 reply
I'd love to connect with you guys

14 August 2024 | 26 replies
The key is understanding how to properly screen and also how to manage.

15 August 2024 | 34 replies
With proper communication and giving the current tenants ample notice, I think you would be giving them plenty of time for them to make a decision that is best for them.

12 August 2024 | 8 replies
I would love to connect with other investors + build my team so I can get more familiar with the area.

10 August 2024 | 8 replies
The range for full service is 15-25%.Also as mentioned above you ought to be licensed and properly insured if you are to be a property manager.

12 August 2024 | 10 replies
Similarly, it's almost guaranteed not to have a sewer connection which would need to be added as well.