
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).

12 August 2024 | 4 replies
What is the likelihood of approval, and what are the time and cost implications?

13 August 2024 | 5 replies
I've already bought the property because I was afraid of rising rates (got a 3.4% thank goodness because they're literally in the 7s now), but it's still costing me 1800/month before construction starts.

9 August 2024 | 4 replies
If no useful seeds are put into it, then an abundance of useless weed seeds will fall therein, and will continue to produce their kind.”James Allen, As a Man ThinkethThe human brain is much more powerful than many realize.

11 August 2024 | 4 replies
Do you have recommendations for low cost options to post a 10 day notice on the property?

12 August 2024 | 2 replies
I don't think it costs anything to list on zillow.

12 August 2024 | 37 replies
For example, a seller headed to foreclosure who doesn't have enough equity to sell the property and may commissions and closing costs.

14 August 2024 | 22 replies
I’ve worked with some investors who have no desire to self manage and the cost to have a property manager is well worth it, while others make time to manage everything and enjoy it.

12 August 2024 | 5 replies
Not necessarily land, as it is very costly to build there as all materials except for some concrete products have to be shipped in.

12 August 2024 | 21 replies
Do you need a course costing $1,000's which could be put into another property?