
6 March 2024 | 6 replies
I oversaw and paid for all the renovations and after we sold the house I got my money plus profit and my wife's mom was able to pay off the mortgage and still have a healthy profit.

5 March 2024 | 4 replies
Asking price could be the ARV, but not pre-rehab.

6 March 2024 | 4 replies
VA loans can be assumed by a non-VA buyer IF the original note holder is willing to forgo their entitlement until the loan is paid off.

6 March 2024 | 9 replies
Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.

6 March 2024 | 16 replies
I dont mean pre approved for a loan or using hard money , but they go to the person who strokes a check and settles real quick .

6 March 2024 | 5 replies
Explain in your security deposit claim that once you receive the final water bill showing it is paid in full, the withheld balance will be refunded to the former tenant in a separate payment.

4 March 2024 | 6 replies
What I found helpful was that it was flexible since the whole course was pre-recorded videos with printed materials to go with it.

6 March 2024 | 6 replies
If it's higher than the 200k that you might be able to find someone to support some/all of the 200k, but they'll want equity or to be paid back over time with interest.

5 March 2024 | 0 replies
To be vertically integrated it takes discipline and practice with time under tension of actually doing what you are trying to sell.Below you will see the pre-rehab property and hope to share the finished product soon!

6 March 2024 | 9 replies
Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100.