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26 July 2019 | 14 replies
Curious to know, assuming these occupancies are high and stable, if people are purchasing matured properties with slim margins as so and if they are able to attain good ROIs within a 5yr period.
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29 July 2019 | 6 replies
.$505,882 in real value plus $90,000 of personal property = roughly $600,000 in value for the park as it sits.Your upside is in filling the remaining vacant lots, pushing the rent to $250+ over time, and renting the 6,000 sq. ft. building.Your greatest risk is the private water/sewer system, and the demand in a metro of only 33,000 (TEST AD ESSENTIAL).The potential value of this park is 25 lots x $250 x 12 x .6 = EBITDA $45,000 plus 3 stick builts x $600 x 12 x .6 = EBITDA $12,960 plus 1 commercial building $1,500 x 12 x .6 = $10,800 = TOTAL EBITDA OF $69,000 AT 8.5% CAP RATE = $811,764.The risk/reward scenario is decent because if you pay $600,000 and sell off $90,000 in mobile homes, you have $510,000 in deal and, assuming 25% down, you have invested $130,000 down and, if you can bring the park fully back to life, you have a profit of around $300,000 on your investment of $130,000, which is about a 2 x multiple which you should be able to harvest in less than 5 years if you work really hard and did great due diligence.
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27 July 2019 | 11 replies
Sometimes a tech has to test your old system and then test the new system for you to get the rebate; sometimes you just have to fill in a form that lists the model numbers of the old and new equipment.
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31 July 2019 | 9 replies
If you are just testing the waters , agin NO it's not reasonable.It's reasonable to pay a retainer if your answer is anything but YES, I'm a ready willing and able buyer or seller.
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27 July 2019 | 6 replies
The idea of being able to put as much time and/or money into a job and reap the rewards seemed like a good way to test my own potential.
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3 August 2019 | 17 replies
She spent $650 to do asbestos testing on my house to try to f*** me over, and now she's too cheap to hire a truck mount steam cleaner for $110.
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28 October 2019 | 5 replies
I've been recently market testing the area a bit and getting some mild feedback.
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27 July 2019 | 0 replies
I've been recently market testing the area a bit and getting some mild feedback.
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30 July 2019 | 7 replies
It also has no educational requirements - one does not need to pass tests or have continuous education.
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28 July 2019 | 20 replies
It's probably a slim deal, at best, but you dont know until you know the whole picture.