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19 August 2024 | 2 replies
This method helped me connect with other investors who were looking for different ways to spend their money and were interested in passive income.Being a thought leader gave me a stage that made me look like an expert in investing in real estate.
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21 August 2024 | 1 reply
You might also want to limit opening and closing those windows between remediation and testing.What remediation did you do and how did your retest go?
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21 August 2024 | 94 replies
We connected with the gentleman who spoke and using some of the things he spoke about we made a lot of money.
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21 August 2024 | 9 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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19 August 2024 | 41 replies
We look forward to growing in the area and connecting with the real estate community.
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19 August 2024 | 3 replies
Some items to be aware of include, but not limited to: zoning in County may conflict with the City, utilities that belong to the City infrastructure may require that you annex the property prior to rezoning or other entitlement, County development standards may be different or less stringent than City standards which would cause the development to be non-compliant when annexed.I would echo the same as Bryant Brislin, you will definitely want to connect with someone that can navigate this process for you.
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20 August 2024 | 14 replies
How much would you try to negotiate down on the house if closed all cash?
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20 August 2024 | 28 replies
@Caleb Brown yes how can we connect ?
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20 August 2024 | 452 replies
Must be filed at closing.
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19 August 2024 | 4 replies
Feel free to connect if you need advice.