Michael Gilmore
Designing, Developing and Building Affordable Modern Housing
13 August 2024 | 0 replies
At 599 total heated square feet, the small tiny home will feature an open driveway, 3 bedrooms, 2 bathrooms, kitchen, living and dining combo, all electric, with a full size washer and dryer.
Samuel Coronado
Developing a new mobile home park- Help
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).
Orlundo Hubbard
What's Up With REO Investments?
12 August 2024 | 6 replies
The bank that foreclosued turned off the electric the punp stopped working and there was about 2-3 feet of water in the finiahed basement for about 3 years.
Damein White
How to deal with a bad appraiser
11 August 2024 | 13 replies
I just stop talking and just followed and spoke when spoken to And he low balled me Mind you i have a new kitchen new bathroom room all new plumbing and electrical i gutted this house to the studs and my house is almost $40k lower if sold at this price cheaper then lowest house over here that sold
Frank Patalano
So what's holding you back?
19 August 2024 | 3705 replies
Updated electrical, new bathroom, new roof, siding.
Lynne Hart
FourPlex Renovate Rent Hold and Exchange
11 August 2024 | 0 replies
A 3 car garage in the back is just waiting for us to add electric doors and rent it out.
Mauricio Duarte
QuickBooks for Flippers - Inventory vs COGS
15 August 2024 | 29 replies
For example, roofing, painting, cabinets, flooring, electrical, plumbing, HVAC, etc.
Dan Leyden
Section 8 inspection
7 August 2024 | 13 replies
Here's what one Section 8 inspection form states regarding outlets: Electrical receptacles – Working properly as determined by electrical tester.
Austin Powell
Tips for First REI/House Hack Deal
12 August 2024 | 10 replies
-Unless the garage already has electric and water connections, that's an important and expensive item in the SOW.
Brandon Heimsoth
Supplies vs Assets vs Repairs vs Maintenance
8 August 2024 | 11 replies
Washer/Dryer/Stove/Refrigerator - AssetNew Baseboards/trim - Asset?