Andy W.
Can I have 2 different accountants?
20 November 2017 | 10 replies
If you trust your CPA already, it may be better to let them continue to make tax decisions and instead have a bookkeeper that keeps all your financial ducks in a row on a monthly basis.
Bosko Mijatovic
Value vs Scam Program
19 November 2017 | 13 replies
Anyway they have proposed a continuing education package that is 25k but me and my coworker can split it. just got into investing earlier this year and have only done one deal which was a flip and I profited a great sum from it.
Sang Pak
Traditional loan or HELOC? any insights?
20 November 2017 | 12 replies
although this is my first potential rental unit, I want to continue to keep buying next good deals that come along.
Daniel Hason
Working in construction and as an Agent?
1 December 2017 | 4 replies
If you decide not to continue with it as a career, the cost of the class is still not time wasted; you'll be a ridiculously educated buyer, and can potentially have access to the MLS, like you said.
LaVonna Shannon
Quick Newbie Questions
20 November 2017 | 30 replies
(which this could also help to save a down payment for the next property and continue with building equity and bringing in month income.)3.
Brian Hughes
New member: Brian in Seattle
21 November 2017 | 11 replies
I think this is achievable either buy continuing to collect 3-4 unit properties, or in a trade-up to a larger property.
Kadiatou Martin
New Member in Southern California - Los Angeles
21 November 2017 | 9 replies
(I specifically produce comedic content but have produced drama as well)Very excited to continue my journey on BP!
Brandon Rodriguez
Would you over pay for a great cash flow prop ?
7 December 2017 | 17 replies
Are the tenants in any way related to the owner, i.e. how sure are you that the property would continue to get those rents if you had to turnover the tenant base?
Alex Tobias
What info do you ask for when first evaluating a deal?
22 November 2017 | 12 replies
Current rents: you can glean this information through online sources as well as old-school searching (walk-ins, calling the buildings)Talk to local brokers to get the inside scoopMarket analysisCheck to see if building is in a flood plainYou can ask for, but these items are usually provided after signing a contract: Leases for lease auditing against bank statements, tax returns and leases (usually not provided before a contract has been signed).Tenant payment historyViolations, delinquenciesLease addendum and/or other agreementsTax ReturnsBank StatementsUtility billsCan RUBS be implemented (some municipalities may not allow it)Service contractsReserve fundsEnvironmental assessmentEmployee recordsStructural issues including foundationEmployee historyOther value-add features that can be added include:Trash valetCar portsStorageDog parksTo be honest, a similar level of due diligence is required across multifamily and manufactured housing (mobile home parks).Best of luck!
James G.
Are mobile homes a good investment?
20 November 2017 | 4 replies
Mobile homes are a depreciating asset, However at your purchase price it has depreciated the majority that it will assuming you continue to maintain it.