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8 July 2018 | 13 replies
It is unfortunately very common with scammers Good point Bryan - will explore if licensing board will help.
12 July 2018 | 10 replies
I think there are better opportunities elsewhere, but I'm not sure how much time and energy I can sink into exploring those options.
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6 July 2018 | 13 replies
Blue collar rural town in Central Mass).
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6 July 2018 | 2 replies
don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.
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12 July 2018 | 5 replies
Hello everyone,There is this odd house I see everyday. Nobody lives in it. The neighbor told me it's been empty maybe since 2011. That neighbor had tried to buy the house at that time but was turned down. The roof ...
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6 July 2018 | 1 reply
Any real estate discussions happening in town?
12 August 2018 | 3 replies
Ive found several properties in small/rural towns in the upstate area that I am interested in and I am looking for other landlords in the area that might be able to tell me about the renters market.
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10 July 2018 | 9 replies
I have talked to several co-workers out there and they have said to stay away from down town.
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6 July 2018 | 2 replies
Would love to meet up with any likeminded folks for strategy or coffee while I am back in town next Friday July 13-16, 2018.Anyone have experience purchasing via the Cuyahoga County Foreclosure process?
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6 July 2018 | 0 replies
Ready for a second deal, I have come across a private sell in a slightly sub-par area of town (I would guess C to C- neighborhood) close to the older down town/industrial district (I live in Hobbs, NM, an oil and gas town hugging the west Texas border).