
13 August 2024 | 5 replies
We moved forward with a construction to primary mortgage loan after doing necessary diligence.

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).

15 August 2024 | 18 replies
We are considering adding a roll under each sink to eliminate this request/complaint but thought it was odd after years of doing the same thing why we all the sudden had people complaining about only having one full roll to start?

14 August 2024 | 1 reply
Learning things like the real estate vocabulary, sales scripts/tonality/processes, KPI's, acquisitions, evaluating deals, etc.

13 August 2024 | 10 replies
Also, cleaners are the first eyes on the property after check-out and will let you know if things need to be fixed or replaced.

13 August 2024 | 2 replies
If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?

13 August 2024 | 2 replies
In Florida, short-term rentals (under 6 months) are subject to a 6% state sales tax and a 6% Pinellas County Tourist Development Tax (also known as the "bed tax").

13 August 2024 | 4 replies
I take it you've used her services?

15 August 2024 | 34 replies
Why are the strangers already living there more important than the strangers that want to rent the property after it’s already fixed up?

14 August 2024 | 6 replies
@Bruce Woodruff- that's true, that's why I mentioned ARV (sales price) not specific rehab costs (which is what the poster was asking for originally).