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7 April 2017 | 22 replies
The property in North Oakland was purchased with $100k discount, seller did the sewer lateral and some additional demo/cleaning of the property.
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10 March 2021 | 11 replies
I have a feeling that crowd is going to be growing significantly with the additions being made across I-79 near University Town Center.
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8 September 2016 | 2 replies
Can you sell your car and buy a used one to lower your monthly expenses thus reducing your debt to income ratio?
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11 September 2016 | 14 replies
This one will get a full cosmetic rehab including tearing down interior walls, adding an additional bedroom within the existing living space, re-piping with pex, new roof, HVAC, and exterior stucco.
10 September 2016 | 2 replies
In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.
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8 September 2016 | 1 reply
Would a business license be required in addition to an LLC to do wholesaling, buy and holds, fix and flips?
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16 September 2016 | 50 replies
The commercial property would be a great addition of another 4 units, but will also provide a retail opportunity for us to open a small building material retailer.
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10 September 2016 | 7 replies
If the unit has these:Assume replacement every 10 years:Water heater - $900Refrigerator - $900Range - $900Dishwasher - $600Clothes washer/dryer - $1000 combinedEvery 15 years:Furnace - $2900Central air - $29003 BR SFR Flat Roof - $2100 + $300 per 3 years to coat itI annually plan for an additional $1,500 of miscellaneous maintenance expenses and $800 for capital improvements.You could probably use something like this to estimate your per-unit costs as some units might not have all the same features.
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9 September 2016 | 6 replies
I am will to split profit in addition to paying a percentage on the loan amount.
12 September 2016 | 15 replies
The Trustee sales you see shown on the site, at least in Maryland, are merely an additional form of advertisement.