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16 March 2020 | 6 replies
If one tenant is being really hard to live with other roommates, creating issues out of nothing on a daily basis to the point where tenants are complaining to me every week and sometimes daily.
As a landlord, I tried...
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18 March 2020 | 6 replies
Will not be the end of the world for me but definitely annoying and having to rely more on my boots on the ground..
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17 March 2020 | 7 replies
I have thought about other markets, but I'm literally starting at ground zero.
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17 March 2020 | 7 replies
You are laying the ground work now for a deal in the future.
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16 March 2020 | 6 replies
I do love my current house that i live in now, i built it from the ground up in 2016.
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16 March 2020 | 1 reply
As I write this, Global business is effectively grounded.
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26 July 2020 | 30 replies
I think you're counting on an awful lot of things going well in the construction phase that might not necessarily do so.
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17 March 2020 | 1 reply
Being signed up with several dozen banks and lenders gives me a nifty perspective.All of them hit capacity a week ago, and have been pricing themselves out of the market.What's happening right now is when they are sitting under ground (with trash rates) until capacity opens up.
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20 April 2020 | 15 replies
Drone Video ( link to you tube video)Our first phase ready to pave tomorrow.. 30 lots will build out new construction at 500k to 700k per..total of 89 lots and hope to move through the project in about 24 to 30 months.
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…