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12 August 2024 | 1 reply
You’re buying, trading, or selling a physical asset.
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12 August 2024 | 6 replies
Until that happens, with either scenario, a way to increase your cash returns could be to buy EDV, it's a Vanguard exchange traded fund that holds 20 year and 30 year zero coupon US Treasuries, such that whenever the 10/20/30 year bond yield goes down, its value goes up.
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13 August 2024 | 24 replies
Dot plot projecting 75 bps reduction.In other word, all previous forecasting using RRP that Fed is reducing rate is ............. working perfectly.Market is also predicting it perfecly.Everyone wins except Powell because he raised the inflation too fast and he wants to print money again too fast too lolthese guys aretruly doesn't understand what they are doing.if they keep the rate at 3.75% from beginning we would see less foreclosure.
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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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12 August 2024 | 14 replies
I would even venture to guess that it is not a simple letter to the lender or trade that gets a lien release.
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12 August 2024 | 30 replies
@Carlos Handler it sounds like you need to trade in some of your equity for cash flow, this will probably require reducing some of the leverage that you have and buying in a different market.
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12 August 2024 | 26 replies
Unfortunately, nobody will give you something for nothing...That said, I would suggest working on creating the value you can trade for the other piece of the deal (either money or the REALLY good deal).
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14 August 2024 | 84 replies
But you do get that guaranteed rent as a trade off for your work.I have some section 8 tenants and other programs that are 10X tougher.
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15 August 2024 | 86 replies
Best tip: Go to "B or C" apartment complex, locate the maintenance man, he is jack of all trades, master of none but can do almost anything you need done.....he gets paid at best $15-20 an hour.
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10 August 2024 | 4 replies
Spend ever holiday and summer working for trades right now.