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11 September 2016 | 14 replies
This one will get a full cosmetic rehab including tearing down interior walls, adding an additional bedroom within the existing living space, re-piping with pex, new roof, HVAC, and exterior stucco.
10 September 2016 | 2 replies
In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.
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8 September 2016 | 1 reply
Would a business license be required in addition to an LLC to do wholesaling, buy and holds, fix and flips?
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16 September 2016 | 50 replies
The commercial property would be a great addition of another 4 units, but will also provide a retail opportunity for us to open a small building material retailer.
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10 September 2016 | 7 replies
If the unit has these:Assume replacement every 10 years:Water heater - $900Refrigerator - $900Range - $900Dishwasher - $600Clothes washer/dryer - $1000 combinedEvery 15 years:Furnace - $2900Central air - $29003 BR SFR Flat Roof - $2100 + $300 per 3 years to coat itI annually plan for an additional $1,500 of miscellaneous maintenance expenses and $800 for capital improvements.You could probably use something like this to estimate your per-unit costs as some units might not have all the same features.
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9 September 2016 | 6 replies
I am will to split profit in addition to paying a percentage on the loan amount.
12 September 2016 | 15 replies
The Trustee sales you see shown on the site, at least in Maryland, are merely an additional form of advertisement.
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1 September 2018 | 18 replies
I am living in an owner occupied triplex, with rents of $800/month and other tenant pays $975/month.Would this therefor add an additional $975 + $800 x 12 = $21,300 to my "income" for calculating this write off?
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15 September 2017 | 6 replies
So, I've been looking at the site more for additional tips, tricks and anything I can learn.
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16 September 2016 | 6 replies
The next property I used the credit on was also shut down because of other requirements that "pop up" unexpectedly in order for them not to lend.I have asked several times for a refund of my money and all they have offered was an additional year's subscription.