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Results (10,000+)
Brant Schumaker COVID-19: Answering questions as an epidemiologist
17 April 2020 | 22 replies
If you have proper face mask and some eye protection how safe is it to go shopping banking etc? 
Laura Cardenas Making myself a resource to my tenants during COVID-19 crisis...
18 March 2020 | 7 replies
Remember to respect and protect each other so that we can minimize the loss of loved ones and return to our normal lives as soon as possible.You will notice that I have repeatedly used the word "proactive".
Sarah Acosta 1st Rental Property Advice
18 March 2020 | 4 replies
If in a business already, you'll want to keep all of those expenses separate (in their own bank account) so that you have better asset protection for your personal assets.
Ryan Lee My deal is delayed because of Corona
17 March 2020 | 1 reply
We areq adding an amendment addressing Corona to protect our clients if an extension is needed.
Ethan Johnson Analyzing MHP Deal - Buy or Not?
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
Ikenna Okoye House hack landlord protection
17 March 2020 | 2 replies
I know that landlord insurance is typically recommended with any rental property, but I'm not sure if its necessary for a live in rental like a house hack or if typical home insurance usually covers Should I get landlord insurance to protect myself or is a home insurance policy enough to protect myself from potential suites and such?
Steve LeBlanc Who's offering the best terms for investment cash out refinances?
23 June 2020 | 8 replies
@Bob Willis not closed yet, but disclosures show $2333 origination costs ($238 points, $1500 origination fee, $595 processing)$725 appraisal, $9 flood cert, $66 tax service$1125 for closing protection letter, endorsement fee, title insurance, settlement $95 recording $391 prepaids$961 initial escrowTotal closing costs $5705
Cheryl Dopp Disaster SBA loan for Short Term Rental losses?
19 October 2020 | 3 replies
Does sitting on several hundred thousand in reserves help protect a portfolio.
Ryan Reynebeau First Inquiry on a Multifamily - Seller is experienced investor
17 March 2020 | 2 replies
Environmental audits and reports.6.
Mashika Johnson Did you hire an attorney?
22 March 2020 | 17 replies
I'm all for the protection that contracts provide, while at the same time, I often laugh at things that can be in there that don't make any sense.