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22 October 2018 | 22 replies
I currently work full-time for an organic food manufacturer, but have some exposure to real estate in the past.
9 October 2018 | 4 replies
Instead of continuing renting, I have been considering purchasing a manufactured home.
18 September 2018 | 16 replies
We do not have any of the same boards left and the manufacturer has discontinued the line so we can't just pull out the affected boards (besides, there would be no way we would have that many extra pieces; the total number of boards damaged is in excess of 150).The second reason why there is a difference in charges is because if we need to go through with Small Claims, we put ALL costs in there vs our original lower estimate (**after talking to a legal advisor, they said we should go with the full cost as long as we had estimates, invoices, etc to show how we came up with the dollar amount).
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17 September 2018 | 3 replies
How can I get HELOC on my manufactured home?
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13 October 2018 | 7 replies
. , if you're following the manufacturer's instructions as outlined above, then your installation will be ok.
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24 July 2018 | 12 replies
Just make sure you buy extra and store it because manufacturers discontinue colors and patters frequently to force people to replace the whole floor.
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24 July 2018 | 4 replies
This creates buffer zones because people don't want to live next to a manufacturing plant.
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28 July 2018 | 8 replies
Ive been working with few projects around container homes, mainly on the container supplies side since i could get great deal and have good relationship with container manufacturing company in Vietnam.
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8 August 2018 | 63 replies
Much of it is in the "Rust Belt", where formerly populous cities have lost their manufacturing base.
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25 April 2019 | 1 reply
His niche is very different from what I am familiar with, so I'm having some trouble running the numbers and I thought I'd turn to you guys.So he(my relative) has been doing this exact strategy for a few years and has done a good number of deals(~40) so I'm confident he knows what he's doing, but his strategy is as follows:Buys a distressed trailer(mobile/manufactured home) repairs it, and then sells it to a tenant that either can't qualify for a normal loan, or doesn't have the money to purchase a normal home.So for this particular deal, the numbers are as follows.Purchase price of $5750.Rehab of $8000.Rehab should take roughly 3-5 days.Selling we are assuming a month, but he says typically less.Taxes are around 600/yr(which the new owner will pay) but accounting for the month we have it, $50.The lot rent for the trailer is $350.Closing costs would be maybe ~$100.We'd sell it for ~22k, with a down payment of 2k at 14% interest for 75 months.So our purchase and rehab would be ~$13850, plus a month of holding for $14250.We'd get 2k back bringing our investment back down to $12250.We'd bring in 400/mo from the mortgage payment.As far as I can tell, this would be about 35-40% cash on cash return.Please go over these numbers and tell me if I'm missing anything.