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13 August 2024 | 3 replies
They come from a good place of wanting to make connections or get help, but the way you make your request in the forums can open you up to a lot of pitching if you are not careful.
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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).
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14 August 2024 | 0 replies
The restaurant is in an old Wendy's which was closed over 10 years ago.
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12 August 2024 | 1 reply
I'd love to connect with you guys
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15 August 2024 | 7 replies
Follow the rules, stay close to market rate, and move on.
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12 August 2024 | 8 replies
I would love to connect with other investors + build my team so I can get more familiar with the area.
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14 August 2024 | 1 reply
The property is located close to a hospital and made it perfect for us and our community by providing a family-owned property to traveling nurses.
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15 August 2024 | 4 replies
Furthermore, depending on what was last on this site, or in close proximity a phase 1 may be necessary. 3.
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13 August 2024 | 2 replies
(Lender can quote you a 5.99% rate with no points and then change it to a 7.125% Rate with a $3000 legal fee and points a week before closing) 2.
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10 August 2024 | 7 replies
Have you connected with any local banks?