No major additions or big construction.Without running a full appraisal, I can only guess on the value, but I think it'll depend on how good our wholesale deals were below market rate.

Assuming you did not invest originally.To clarify, I am coming across some opportunities where a sponsor is in the middle of the biz plan, their loan is reaching maturity, they need extra capital, and they are attempting to raise the extra capital from other LPs rather than or in addition to a capital call.They are offering "rescue capital" investors pref equity that is ahead of original common equity investors.

To figure this out, we need to know the following:- How much debt, if any, do you currently have on the property?

I would essentially be taking on about 4.2MM in new debt to realize $4,400 gain.

While the standard Chiacago Association of Realtor's City of Chicago 2023 lease is updated and compliant with new 2023 security deposit rates and local ordinance, we always recommend implimenting an additional "overlay" or addendum that helps protect the landlord against many things that the standard lease cannot standardize that many landlords would like to, like no smoking.

Thanks, and I look forward to hopefully getting more involved on here if we're fortunate enough to have things start to snowball over the years into additional properties!

I have two other homes; however, I sold one and when I finish the other I will sell it so that I can clear out my personal debt.

Using hard money, I kept putting my draws after each phase back into my pockets to pay off the credit card debt.

Additionally, you may also encounter unforeseen challenges during the removal of the old home and installation of the new one, which could add to the overall cost and timeline of the project.On the other hand, renovating the existing mobile home to HUD standards with the help of a contractor may be a more cost-effective and time-efficient option.

The first is just the mortgage payments which typically cannot exceed around 28%.Then your mortgage payments plus your other debt obligations which typically cannot be greater than 40-48% depending on the lender.