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27 June 2024 | 0 replies
With a purchase price of $116,000 and a sale price of $198,000, the property promised substantial returns.
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27 June 2024 | 0 replies
With a purchase price of $195,000 and a sale price of $297,400, the property promised substantial returns.
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27 June 2024 | 0 replies
With a purchase price of $225,000 and a sale price of $340,000, the property promised substantial returns.
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29 June 2024 | 17 replies
It's a strong cash flow market where you can consistently generate substantial monthly income.
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27 June 2024 | 0 replies
With a purchase price of $52,000 and a sale price of $127,000, the property promised substantial returns.
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27 June 2024 | 0 replies
With a purchase price of $128,900 and a sale price of $310,000, the property promised substantial returns.
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27 June 2024 | 1 reply
With a purchase price of $295,000 and a sale price of $400,000, the property promised substantial returns.
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27 June 2024 | 10 replies
Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..
27 June 2024 | 3 replies
Tapping into the equity of your mobile home portfolio can be challenging, but there are several approaches you can take:Home Equity Line of Credit (HELOC):Primary Residence: If you own a primary residence with substantial equity, consider taking out a HELOC to fund additional investments or improvements to your mobile homes.
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26 June 2024 | 1 reply
They certainly are harder to find and I usually target the homes that need some work and have been sitting for longer with the target to get them below asking, sometimes substantially below asking.~ Lindsey