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16 February 2025 | 29 replies
That's the real difference that will allow you to make educated decisions.First let me say I agree with @Greg Scott - starting with 500k is quite a bit different than 25k or 50k and should be treated as such.
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6 February 2025 | 13 replies
You should also verify whether the lease agreement allows for ownership transfer without landowner approval.Owning the trailer means assuming responsibility for lot rent, potential removal costs, and liability risks.
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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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20 January 2025 | 0 replies
The CA Dept of Insurance allowed a 34% increase in 2024.
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16 January 2025 | 8 replies
Now she claims it’s a service dog because his husband is vet and she should be legally allowed to keep the dog and does not need pet fee or pet deposit or monthly pet rent.
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29 January 2025 | 23 replies
I've been checking HOA CC&Rs to make sure they allow short term rentals.
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19 February 2025 | 32 replies
This will allow you to get in the way of appreciation.
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4 February 2025 | 17 replies
But the IRS allows this deduction to both of us, due to them taking shortcuts in their auditing process.
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19 February 2025 | 9 replies
The lender clearly didn't communicate with you or set proper expectations, which is why it seems the expectations you have are inaccurate.Most lenders will NOT allow you to order your own appraisal/BPO.
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22 January 2025 | 8 replies
Can anyone suggest beach markets in SC and/or GA that allow STRs and cash flow with 20% down?