
23 August 2024 | 11 replies
If you have any ideas please drop them down below and hopefully we can build a long list of great strategies, thank you!

23 August 2024 | 3 replies
I see both sides of these arguments and hopeful that the towns building and development teams have a keen eye on these projects.

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).

23 August 2024 | 1 reply
For flips, I have a minimum profit potential of $40k For new construction, I look for ease of the build.

22 August 2024 | 16 replies
The only benefits I see are the tax deferral and diversification.
22 August 2024 | 1 reply
Turned out to be a very strong housing market with limited Custom Luxury Home Builds How did you find this deal and how did you negotiate it?

21 August 2024 | 26 replies
@Chris Allen, everything is going up: utilities, insurance, taxes, management fees, service fees, etc.
22 August 2024 | 6 replies
Greetings I'm new to tax liens and deeds, I'm located in el paso tx, I'm interested in the el paso texas area, I'm also interested in other texas counties, I'm open to any suggestions, I look forward to networking and connecting.