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22 August 2024 | 1 reply
The biggest lever the Federal Government has is tax policy.
21 August 2024 | 182 replies
The Government has NO money.
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23 August 2024 | 19 replies
It pays well and allows you to build connections in the real estate world (if you are working privately and not for the government).
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21 August 2024 | 9 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).
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22 August 2024 | 10 replies
What if the next regime downsizes government or we continue to decentralize it?
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21 August 2024 | 4 replies
In the parlance of the Federal government, such loans are called loans on one-to-four family dwellings.
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21 August 2024 | 15 replies
Hey @Debbie Palmer, so I am with @John Underwood on calling.https://www.loganutah.gov/government/departments/community_d...There are several folks listed on that site that should be able to advise.I will say that she will essentially need to clear out all her personal and important things.
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20 August 2024 | 18 replies
MLS does not display (and govern) buyer agent co-boke, so no buyers need to sign a buyer agency with an agent before showings.
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25 August 2024 | 61 replies
There are a lot of government programs to help people to get into $100k homes.
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19 August 2024 | 6 replies
I've read (all my knowledge is theoretical) that tenants on government assistance can be really rough on properties (I also see that as painting with a broad brush) but the government assistance side of that is pretty stable income, and it doesn't seem terribly difficult to raise rent either, just requires 60-days notice instead of 30.