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26 April 2018 | 4 replies
@Mychal Manning the bandit sign game is brutal man, good luck out there.
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26 April 2018 | 8 replies
Looking at this as a MHP:Hard to see such high lot rent in a place "far out", but let's play with that and some other assumptions:12% Cap, 9 Lots at $350/mth, 50% expense ratio (park provides water & small number of homes), = $158K.
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11 March 2019 | 8 replies
In the vacation rental game it’s more than likely that if you don’t self manage you won’t make money.I self manage 5 with a day job and I’m an idiot.
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21 February 2019 | 6 replies
I watched this all play out after the Oakland Hills fire that destroyed 3500 homes.
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12 May 2018 | 4 replies
This plays a big part in determining the value of the land for development purposes.
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13 May 2018 | 2 replies
I played around with the numbers many times but just couldnt make it work and decided to pass on it.
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13 May 2018 | 4 replies
You can talk to a private investor, but not sure I see a big enough profit in your deal to take it on.Start living like no one else does, get a second job or a better job, so you can save $20-30K and you can make this happen.I've had to pass on two deals 'cause I didn't have the cash to put 'my skin in the game' (just put $70k into buying a primary residence).
12 May 2018 | 5 replies
If I am putting $65,000 in the game, I would want to see a bigger cash on cash return.
22 May 2018 | 9 replies
And in 10-15 years it’ll be game over with all your collected equity, meaning multi millions.
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16 May 2018 | 7 replies
And while your long term plans are to ultimately open your own brokerage, you can "get into the game" by doing something that has proven to be very successful to me in my years of investing, and that is sending offers to owners directly.