Purchase price: $645,000 95% seller financed, 5% raised, $0 down. 33 unit mobile home park.

Too many investors are not aware of the tax benefits and extra cash flow that could be theirs.

Generally we raise capital from investors who want a fixed income and have enough meat on the bone to keep all the equity in the deals and push the valuation and also obtain commercial financing where we can get 75-80% LTV financing and still maintain a DSCR of 1.2+2.) 

I’m also aware there could be tax advantages to running a rental business, which could help offset the shortfall.I’ve had experience with short-term rentals in the past, but I found them to be a headache.

I was born and raised there, so I am very familiar with flood and wind damage from hurricanes.

To do so, I need an initial team who can cover the following aspects of these projects:- Wholesaler- Contractor (Inspection oriented)- Equity Partners (Project Incentives)Once the deals are in place, the financing support will be through personal capital for upfront costs, with the intention to raise private capital and include hard-money lenders as-needed.

While on one hand I am happy to get it done quickly, I’m not happy that my request to raise the rent to the correct amount goes unheeded.  

Vivan, I am aware your name is not Ivana.

When it comes to raising capital, appear this way, speak that way.

However, since you’re switching to a commercial loan, this may not apply—check with your lender for specifics.Be aware of closing costs and potential prepayment penalties tied to your FHA loan.