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13 August 2024 | 17 replies
As others have mentioned it is a trade off.
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15 August 2024 | 86 replies
Best tip: Go to "B or C" apartment complex, locate the maintenance man, he is jack of all trades, master of none but can do almost anything you need done.....he gets paid at best $15-20 an hour.
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13 August 2024 | 2 replies
He needs to be a manager, organizer, motivator, and educated in the trades and he has to give a you know what about the finished product of your job.
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14 August 2024 | 64 replies
They use our trade colors and trade designs.
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19 August 2024 | 244 replies
Quote from @Dekota Oechsle: As someone getting started, what trade-offs are generally sought after for a seasoned investor to mentor someone?
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19 August 2024 | 3705 replies
What's holding me back is that I am a risk manager by trade, so I tend to think in terms of mitigating potential risks.
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12 August 2024 | 21 replies
So I can totally understand not being able to handle negativity, and not wanting any of it whatsoever!
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12 August 2024 | 1 reply
You’re buying, trading, or selling a physical asset.
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12 August 2024 | 6 replies
Until that happens, with either scenario, a way to increase your cash returns could be to buy EDV, it's a Vanguard exchange traded fund that holds 20 year and 30 year zero coupon US Treasuries, such that whenever the 10/20/30 year bond yield goes down, its value goes up.
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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).