
16 August 2024 | 6 replies
I had a client get burned because of this and it made things awkward.

15 August 2024 | 5 replies
@Christopher RankinThe CRM I use is called REI mobile, its specifically designed for real estate investing.

15 August 2024 | 5 replies
Would love to hear from either of you, @Hayden Burns or @Matt Burgess about how you've navigated this.

14 August 2024 | 8 replies
Entering 100 expenses at the end of the month is very time consuming compared to Quickbooks or Tiller spreadsheet, plus you cannot do this through the mobile app.

14 August 2024 | 9 replies
I wouldn't touch the <100k properties...if you're looking to build long-term wealth.There's a good chance they will burn you.

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).

19 August 2024 | 3705 replies
@Briannan Burns I understand how you feel.

14 August 2024 | 1 reply
The house was originally a mobile home that has been added onto and now 'looks' like a normal house.

15 August 2024 | 29 replies
Can the property repay with cashflow (not typically looked at for SFR but for 2nds we do on properties like mobile home parks with super low LTV, we have to know they can pay off with property income and not a refi since most bank loans I've seen on these asset classes is closer to the 50-55% LTV mark.)Just a few thoughts off the top of my head.

13 August 2024 | 4 replies
Is it possible to put a mobile home on there?