
14 August 2024 | 6 replies
Not sure if you got the help that you needed @Manan ShahWe have a renovations & roofing company: Bulldog RenovationsWould be more than happy to connect and share info!

14 August 2024 | 6 replies
By best, I mean someone who works with out of country investors, knows the area extremely well and is well connected to local people - property managers, plumbers, handyman, etc.I'd love to connect and here how your search goes!

15 August 2024 | 5 replies
But if you were planning to house hack for a long time there then I’d think it would be a better option then renting.Things id be aware of house hacking anywhere near Boston:-Make sure you pick a town with a decent renting pool-Appreciation will be your best friend, not cash flow-Be prepared to spend on renovations always happy to share my experiences or resources if you want to connect!

15 August 2024 | 86 replies
And when I did, I bought 5 houses worth over $1M in 18 months with only $100K of my own money.

14 August 2024 | 6 replies
Is it even worth it?

14 August 2024 | 1 reply
These types of properties can provide strong rental returns without a massive upfront investment or needing tons of experience.If she’s curious to learn more or wants to explore some easy first steps, feel free to connect!

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).
13 August 2024 | 7 replies
BRRRR is a great way to build your net worth, but it is going to tie up a lot of your cash and the pay off is more equity than income/cash flow to pay for daily expenses.

15 August 2024 | 13 replies
Might be a little far drive from SD but may be worth it.