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20 August 2024 | 45 replies
For purposes of this Section 19 only, “Interest in the Property” means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract, or escrow agreement, the intent of which is the transfer of title by Borrower to a purchaser at a future date.If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender’s prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.
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13 August 2024 | 11 replies
I'd also install 1) can lights in the kitchen, 2) under cabinet strip lighting, and 3) a push-button for the garbage disposal.
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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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12 August 2024 | 13 replies
Granted I have my own guys to install.
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12 August 2024 | 2 replies
Anyone here with experience installing rainwater collection systems either below or above ground on new construction vs drilling for a well?
12 August 2024 | 9 replies
A brand new oven and as purchased and installed in March 2023.
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12 August 2024 | 12 replies
The amount you can use for closing costs and rate buy downs is limited, so that leaves you with the majority of the credit for "upgrades," like finishing the landscaping, building a fence, installing sod, a sprinkler system, planting trees, buying appliances and installing blinds, etc.
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8 August 2024 | 1 reply
The area has been untouched but has gas lines and electrical and is surrounded by a solar farm.My question is, where do I start?
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9 August 2024 | 0 replies
Sold for a significant profit, paid off mortgage, HELOC, and solar loan, made over $100k.
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19 August 2024 | 244 replies
. #3) you can usually tell ahead of time and you can ALWAYS tell with the first response to any answers #4) what do to with X dollars, which market, which accounting software (my favorite), solar on my rental, etc etc.