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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).
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12 August 2024 | 2 replies
Anyone here with experience installing rainwater collection systems either below or above ground on new construction vs drilling for a well?
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12 August 2024 | 12 replies
The amount you can use for closing costs and rate buy downs is limited, so that leaves you with the majority of the credit for "upgrades," like finishing the landscaping, building a fence, installing sod, a sprinkler system, planting trees, buying appliances and installing blinds, etc.
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13 August 2024 | 21 replies
I met all the qualifications in Section 121 itself, but this following bit from Publication 523 states that "ALL of the following [must be] true:"- You weren't using the space for business or rental property at the time you sold the property.Technically, no...
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19 August 2024 | 3705 replies
I read a couple of books, listen to podcast, YouTube video but so much information overwhelm me, I some time I just feel like taking a metal break.
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10 August 2024 | 2 replies
They opted not to put guest access control in and instead installed a key fob system for their tenants, with the expectation that they would just go let guests in by walking down the stairs and opening the door for them.
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7 August 2024 | 3 replies
We installed a Carrier Furnace & Air Conditioner in a house that was under contract but not closed yet.
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15 August 2024 | 86 replies
.$12K turn on large home, included new high quality carpet and full repaintHere lies the major deviation: Property type matters.....I have NO LARGE HOMES, I install NO CARPET.
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8 August 2024 | 22 replies
I want to caution everyone against investing with Techvestor (techvestor.com) or related companies Scoutpads, Metallic Blue Development (MBD) and Superhost Labs.
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11 August 2024 | 99 replies
I'd like to help, but I really don't want to install and then uninstall iTunes to do so.