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26 December 2019 | 9 replies
I love networking. 3) The need to go against many of the common beliefs we Americans have surrounding personal finance, education, real estate, etc.
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19 December 2019 | 1 reply
Hi Fellows,i have a new tenant, she works for adult care facility.
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23 December 2019 | 5 replies
Consider annexing your yard and rent that space to store RV/boats.Toys: Provide beach cruisers or other adult uses.
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12 December 2020 | 10 replies
(if you are in the right market).2) The ability to buy cheap from moms and pops with huge room for upside in rent increases and occupancy increases.3) The ability to obtain seller financing (which is what got me into the business to begin with).4) The huge underlying value in being in an industry that has not allowed new construction since the 1970s.5) The low management intensity when you are just renting land.6) The only remaining sector of real estate in the U.S. where you can hit 20%+ cash-on-cash returns if you are smart.7) The win/win business model of bringing old mobile home parks back to life.8) The beauty of being in a business sector that is on the right side of every American megatrend.But there are also the following drawbacks:1) Suffering through a huge negative stigma that makes you embarrassed to even tell people what you do sometimes.2) Suffering through some city halls that hate mobile home parks and everyone associated with them.3) Suffering through media that assumes that anyone who owns a mobile home park is therefore evil no matter what you do.4) High levels of risk (and almost certain failure) if you do not conduct good due diligence.5) The endless risk of private utilities unless properly vetted.6) Learning to adapt to the customer base and being a good landlord that gets the job done in a friendly way.7) Not getting involved in the hysteria of some markets that offer little in the areas of returns or safety.I cannot emphasize enough that this is not a get rich quick scheme, but a get rich slow scheme.
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27 December 2019 | 15 replies
This tax on Unrelated Business Taxable income (UBTI) is designed to level the playing field for tax-paying businesses and prevent unfair competition from tax-exempts in activities deemed to be commercial enterprises.In real estate, activities that create UBTI include dealer transactions such as flipping and wholesaling, new construction for immediate sale, and services associated real estate such as hotels, short-term rentals, self-storage, and adult care homes.Rent from real property, interest on notes, and the sale of a property or note held over time all generate passive income with no UBTI component.A syndication is not a business simply by the fact that a “business entity” such as a LLC or LLP is used to put the project together.
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26 December 2019 | 13 replies
I mean, a large family with kids and two professional adults should be able to swing $1500 each and would LOVE putting kits in massive finished basement?
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26 December 2019 | 11 replies
A- 2 adults (including a homemaker) and 2 boys of 3 and 5.B- 2 adults (both working professionals) and 1 daughter in Kindergarten.C- 2 adults (both working professionals) and 1 daughter entering Kindergarten in 2020.Am I correct that I can expect less wear and tear with less children?
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28 December 2019 | 5 replies
I highly recommend you read the book, "Evicted: Poverty and Profit in the American City" by Matthew Desmond.
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29 December 2019 | 4 replies
Not stupid close, we’re responsible adults and not braindead primitives, but you don’t wanna feel much residual heat at all, as it should be getting absorbed by the heat exchanger inside the unit.
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28 December 2019 | 2 replies
A quick google search for American Express, Active Duty and SCRA should get you where you need to be.