Brian Davis
Please help me find a better way
21 June 2019 | 3 replies
Use those research skills to tackle the municipality web sites and consider paying for a list to help you narrow your search.
Austin Cooke
how do you know when you're ready to invest in real estate
6 August 2019 | 18 replies
Learning the business is vital but you have to pull the trigger on your first deal.
Troy A Washington
Taking a another shot ( I wanna start with Wholesales)
5 August 2019 | 0 replies
I realized that I need to get a skill in marketing.
Kyle Sprague
Newbie looking for guidance - buy and hold strategy
18 August 2019 | 10 replies
You can always do some easy calculations in excel if you prefer that.If you have the skills or willingness to learn you could buy something that needs a little work which will give you some sweat equity.
Jonathan Justiniano
Buying a fix and flip in Shrewsbury, MA
7 August 2019 | 0 replies
Wanted to see if anyone on here has used any General contractors that could recommend or any skilled trades that they have had a good experience with?
Jared Leslie
Inherited 2 Properties
7 August 2019 | 4 replies
What skills can you leverage to grow a portfolio?
David Algarin
CCIM Designation ...Worth the time???
9 August 2019 | 1 reply
I am considering taking the CCIM courses both to better my underwriting skills, and also to expand my network.
Paul Ivnitskiy
Colonial Hotel and Tavern Zoned for 8 Units
13 August 2019 | 6 replies
What skills and experience are you bringing to the table?
Tim Y.
Should I purse this mobile home park?
12 August 2019 | 15 replies
I am a believer in being a deal "maker" rather than a deal "killer" but there are some things you need to know about this deal:1) Assuming that the lot rent is around $200 per month (guessing based on the numbers you posted) you'd have total revenue on REAL property of $3,400 per month.2) The expense ratio on this deal is closer to 50% due to small size and private utilities, hence a net income of $16,800 per year.3) At a 10% cap rate (I wouldn't go any lower due to rural location) the value of the REAL property is only $168,000 plus the value of the mobile homes which are PERSONAL property and cannot be "capped" (figure on maybe $3,000 per home x 14 = $42,000) so the total value of REAL and PERSONAL property is roughly $210,000 NOT $325,000.4) A park in a rural setting like this would have to have a strong test ad result (20 calls in 10 days) or the market is too weak to support the property.Based on experience, I would think this would only work in Nebraska, Colorado, Montana, Wyoming or some state in which there is still high levels of demand for rural housing and economic vitality to push rents in the future.
Jason Merchey
What Are Your Decision-Making Strengths?
21 August 2019 | 3 replies
What strengths, skills, and attributes do you rely on within yourself?