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3 January 2025 | 6 replies
Florida is a unique state for MHP law and the insurance has gotten very expensive there too.I recommend checking out @Frank Rolfe's mobile home university content if you haven't already.
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3 January 2025 | 3 replies
Two of the biggest challenges I face are that I’m not very liquid at the moment, and the Seattle area is extremely expensive.
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10 January 2025 | 13 replies
You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.
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5 January 2025 | 17 replies
Analyze potential deals by estimating the After Repair Value (ARV), repair costs, and total expenses.
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6 January 2025 | 12 replies
Recommend having an attorney review it to confirm.If the PMA has legally expired, then the PMC is in the wrong - although they may still have claims for covering the legal expenses.
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30 December 2024 | 12 replies
Those agents have their ego at the expense of the relationship, and there are such agents actively participating in this thread.
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28 January 2025 | 19 replies
Perhaps you start a side business or go all out on cutting expenses that are sacrificing things that you want.
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2 January 2025 | 14 replies
@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.
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2 January 2025 | 12 replies
As far as being expensive; if the tax liability is not large enough then yes I agree, however, it depends on what is being sold too.