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26 January 2020 | 2 replies
Daily on site supervision, shopping quotes for best prices, evaluating construction talent and building my new team around me which included a combination of skilled and unskilled labor.
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27 January 2020 | 12 replies
MHP Parks are trading anywhere between a 10% - 13% cap rate so make sure you crunch the numbers and that you are in that range.
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7 February 2020 | 18 replies
VersusCons:5 separate closings, so 5 title searches, 5 closing Attonery fees, 5 negotiations, possibly 5 different sellers to deal with, 5 locations unless you buy a row of homes which is normally unlikely, possibly multiple PM’s due to location or skill set of PM, 5 insurance premiums. 5 transactions to sell it as well.
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4 February 2020 | 8 replies
Buying out of state forces you to learn all of the skills that you will need to scale, no matter where you are based e.g. delegation, hiring and managing a team, etc.In terms of selecting a market the most critical element is whether or not it cashflow.
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26 January 2020 | 7 replies
You're buying the future cashflows of the property so a corporate signature McDonald's is going to trade for a similar CAP rate across the country, all other things equal ( term remaining, scheduled increases, NNN or Absolute, etc.)If you are looking at some kind of local single or multi tenant building, then your local market will have a larger effect to factor for likelihood of replacing a tenant should they leave.
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29 January 2020 | 16 replies
Be able to close transactions and not re-trade and always provide feedback.
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27 January 2020 | 5 replies
Wholesaling is an option to get started and requires much less capital BUT it's extremely difficult and requires many of the same skills as a commission only sales job.
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27 January 2020 | 4 replies
For the Section 469(c)(7) relief provision, personal services performed as an employee are not treated as performed in a real property trade or business unless the employee owns more than 5% of the employer for the entire year [IRC Sec. 469(c)(7)(D)(ii); Reg. 1.469-9(c)(5)].
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28 January 2020 | 6 replies
I'm a commercial and Film video editor by trade.
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29 January 2020 | 7 replies
It's perfectly fine to work with friends and family but I would advise you to pick a full time agent to make sure they're competent in the market and have the skills to negotiate the best deal for you.