
20 February 2011 | 2 replies
These including mobile homes, mobile home parks, rehabbing and flipping, etc.

22 February 2011 | 3 replies
The 2010 P & L is:Ordinary Income/ExpenseIncomeUnit Purchase28,995.43 Soda102.28 Misc2.00 Application Fee425.00 Rental Income94,713.60 MH Down Payment350.00 Late Fees Income6,372.97 Total Income130,961.28 Gross Profit130,961.28 ExpenseApplication Fee Charge125.00 Eviction(377.83)Deposit Refund640.00 Appliances150.00 Dues and Subscriptions110.00 FeesEviction960.00 Fees - Other1,359.17 Total Fees2,319.17 Insurance Expense2,139.00 Interest ExpenseUS Bank Line of Credit474.29 Mobile Manor13,516.79 Interest Expense - Other1,684.07 Total Interest Expense15,675.15 Miscellaneous(36.00)Professional FeesLegal Fee422.00 Total Professional Fees422.00 Repairs and MaintenanceElectric1,790.50 Plumbing1,055.00 Repairs & Maintenance5,472.40 Yard Care2,751.12 Total Repairs and Maintenance11,069.02 Subcontractors45.00 TaxesProperty TaxesProperty Taxes8,822.86 Total Property Taxes8,822.86 Total Taxes8,822.86 UtilitiesElectric1,193.33 Electric/Water1,667.13 Gas909.07 Sewage28.66 Trash170.34 Water(1,406.37)Total Utilities2,562.16 Total Expense43,665.53 Net Ordinary Income87,295.75 Net Income87,295.75 The current owner raised rent in July of 2010 so I am thinking it is not completely reflected in numbers.

5 March 2011 | 5 replies
I could drag this out and double or triple my investment, but it would take longer than I like on a mobile home.

9 March 2011 | 7 replies
I did a redevelopment phase that basically froze everything in a mobile home park that was in a flood plain, stopping anything on the exterior or on the property from being improved and in a short time, the city took the property and turned it into a park behind a new firestation.FEMA can also limit improvements and amounts of insurance coverage.

13 March 2011 | 10 replies
How much is it worth to learn ways to get a higher return from your investments.I have learned a great deal here about note investing, mobile home park investing and how to look at a commercial deal.I recently put what I learned to use and purchased my first commercial property and will be refinancing into an SBA 7(a) loan.

15 October 2019 | 12 replies
Long story short, I've read on multiple occasions, that turbulence has never brought down a modern airliner...while it may be uncomfortable and scary, the risk of a plane crashing due to turbulence is essentially zero.2.

9 March 2011 | 2 replies
You might want to start with mobile homes to build up some funds to work with.

12 August 2012 | 11 replies
Last month I did 9 properties, 2 land owned mobile homes, 2 condos, 1 vacant lot, 1 duplex, and 3 single family houses.

8 April 2011 | 5 replies
If not redeemed - you have a mobile home for the $129 taxes owed.

14 March 2011 | 2 replies
Since im looking for my first deal and considering gas prices are starting to rise is it advantageous to call mh parks and ask if they have ant mhs for sale or go there face to face?