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6 September 2016 | 13 replies
If I do sell them, it will be a turnkey solution, or because the demand is there and it just makes sense to do so.
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7 September 2016 | 14 replies
We share a number of things in common - I'm also an engineer by day, have most of my real-estate investment locally in buy/hold multi-family, and have a similar set of goals to those you articulated.
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8 September 2016 | 9 replies
You need to build rapport over a common interest, get them comfortable, and logically explain your offer. 45 offers is awesome.
7 September 2016 | 4 replies
For the initial loan to obtain a property, does it make sense to go with a shorter term 15-year fixed and then refi to a 30-year fixed after 6-12 months?
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9 September 2016 | 4 replies
Here is a blog where I wrote about a recent 42 unit we bought and did creative things to add value. https://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/Just a few ways to produce ancillary income:- Laundry Coin laundryDetergent/laundry essentials in a vending machine in the common area laundry rooms.Rent individual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgradesCommon area renovationExterior upgrades for curb appeal-Vending machines In common areas such as exercise room, pool house, laundry or leasing office-Trash pick up service In high-end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't have to carry it to the dumpster.
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11 September 2016 | 14 replies
You really need to know your market and what your long term goals for the property are to decide what makes sense.
10 September 2016 | 2 replies
In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.
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9 September 2016 | 1 reply
See if you kind find some common things you can relate to them about either through conversation or items seen in the house and use that to build rapport.
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12 September 2016 | 10 replies
He's been here before...TX laws seem fairly landlord-friendly, or at least written with some common sense, so the best course of action is to have the owner sit down and write out absolutely everything he can remember.
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10 September 2016 | 7 replies
. $3000-$4000 makes sense.