12 August 2024 | 22 replies
I wonder why the government isn't encouraging more people to become developers compared to the money they are putting into VCsWhat would be a good step by step approach to becoming a developer?
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14 August 2024 | 11 replies
It seems to me that the minute the government got involved these solar companies started acting like they were protected and did not need to give any customer service.
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12 August 2024 | 4 replies
In the Netherlands the government is busy building a law with stricter rules against investing and owning real estate.At the moment I am reading the book ' No money down.
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12 August 2024 | 21 replies
I'm from Italy and I will relocate to Missouri next year: considering my background in architecture and design, I would like to start flipping houses with a focus on small, old properties to rehab (just because my european concept of space may help when it comes to optimise small houses).
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17 August 2024 | 56 replies
EDUCATE YOURSELF AS MUCH AS POSSIBLE on the laws that govern tax sales and what you are required to do.
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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).
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10 August 2024 | 85 replies
Distance makes investing more challenging, as does seasonal occupancy and governments which operate differently and/or are less stable than our own(though our own government has not been a paragon of stability lately.)By investing in the Caribbean, you’re adding those challenges plus you’re throwing in the occasional hurricane.
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7 August 2024 | 12 replies
Mainly looking for Turnkey flips and BRRRR opportunities.Apart frpm real estate, I enjoy Travelling the world with my wife, and enjoying different types cuisines and exploring medival european cities.
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10 August 2024 | 13 replies
Government programs like FHA 203(k) can assist in purchasing and renovating homes, but certain regulations apply.
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13 August 2024 | 69 replies
There's a reason the US government doesn't let the average Joe invest in these types of funds.Everything you invest in, there is a certain probability that the investment will be wiped out in its entirety.