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Results (10,000+)
Gavin Dowdy Moving into a house hack, in another state...
17 March 2020 | 9 replies
I'd certainly explore what rate you could get if you were to refinance right now.
Joshua Jackson Can I Wholesale Through an Auction?
17 March 2020 | 3 replies
If you think this is ok, you need to give up now, and stop giving wholesalers a bad reputation
Josh Huber Start building a team... But in how many locations? Then what?
23 March 2020 | 20 replies
The diversified economy leads many to believe in it's reputation for being recession resistant. 
Kevin M. Evictions Halting in Philadelphia
18 March 2020 | 9 replies
I'd rather have half a payment in 15 days, half a payment in 30, and have the remainder paid over 2 months, for example, versus tossing someone onto the streets (garnering an unsavory reputation) and then trying to fill a vacancy with a smaller tenant pool.There is a difference between a person having no control over a pandemic and having their primary source of income shut down for 2 weeks, and a deadbeat trying to take advantage of the system.
Jacob P. STR CoronaVirus strategies (metro area)
18 March 2020 | 6 replies
Lots more resources to explore all around, and very open if anyone else wants to chime in.
Ethan Johnson Analyzing MHP Deal - Buy or Not?
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
Susan Sutherland Buy and Hold - purchased before learning about Brrrr
19 March 2020 | 2 replies
I am sure I will explore other options in the future but getting the ball rolling this way.
Vernon Trice III Filling Pipeline Needs Help
18 March 2020 | 3 replies
But like anything, you will find more deals the more you are willing to pay, and you will be brought more deals as you build your reputation as someone that can close and willing to pay fair prices.
Marisa Alvarez Changing Windows are the big stores too expensive ?
9 April 2020 | 6 replies
Select the window manufacturer and contact them for reputable contractors for installation in your area.  
Vanessa Rojas Wholesaling, Bottom of the Barrel?
17 March 2020 | 3 replies
I don't want to shoot myself in the foot and earn a bad reputation before I even begin.