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2 May 2018 | 9 replies
I cannot tell him to send a message with any questions or decision to email address I don't have the access to.""
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29 June 2019 | 4 replies
Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases
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7 July 2019 | 19 replies
I bought a condo back in 2009 for $100k even (20% down conventional) as an investment and I stopped paying HOA dues about 2 years ago.
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30 March 2018 | 2 replies
However, a property not being previously insured should not stop it from being able to be insured now. 2.
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5 April 2018 | 8 replies
I took a quick look at the other property, but stopped at the exterior.
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4 April 2018 | 19 replies
Only stopped because I sold the house I was airbnb-ing.
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30 March 2018 | 2 replies
Richard:Congrats on getting so much property under your belt.I would stop you at your initial premise.
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30 March 2018 | 8 replies
I’ve dropped tools, my kids ride scooters across it, my dog skids to a stop chasing toys on it.
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4 April 2018 | 3 replies
House hacking allows people to start this journey in their own home and increase leverage through FHA and other low-down-payment loan options.There is nothing stopping you from just buying a rental property.
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31 March 2018 | 11 replies
In that case, I would think the seller or seller's agent would need to be the one to facilitate access to the house to allow your due diligence (ie: estimating rehab).