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21 May 2024 | 5 replies
Yes development can have huge upside but I have also seen people lose $20M in a development deal gone bad.
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21 May 2024 | 3 replies
I learned that April and May are seasonally slow for rentals, since most people seem to move in the summer, and also that the market here in Wesley Chapel, FL is a bit saturated with excess inventory from all the new construction activities in the area.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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20 May 2024 | 2 replies
You seem pumped up to do this, but do it first at a local meetup (in terms of connecting with people) or else you are just going to get a bunch of people trying to sell you services or on how good they are.
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21 May 2024 | 41 replies
Looks like these people would stay with me a few years, and I expect school taxes to go up that much each year.
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21 May 2024 | 44 replies
I didn't even know they could do that.They are the shadiest people I have ever been forced to work with and I wouldn't wish them on my worst enemy.
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20 May 2024 | 8 replies
To fill a vacant mobile home park lot typically requires bringing in a home and selling it, while filling a vacant RV park lot simply means somebody pulls in their motorhome or travel trailer.Think of RV parks more like owning a restaurant (and the hands-on management that entails) while owning a mobile home park is more like owning a parking lot that rents spaces out monthly and is much more passive in management.Some people just prefer one business model over the other.
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20 May 2024 | 8 replies
More importantly, there no great bargains there…people are paying at or close to market value.
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20 May 2024 | 19 replies
So like I mention in another comment, many people use business credit cards with 9-12 months 0% interest to make their down payment.
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20 May 2024 | 10 replies
Basically to buy a property below market value, add value/equity, rent, and refinance, however, I do want to draw out a lot of my capital or leave at most 20-30k in the property (or whatever the more experienced people think).
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20 May 2024 | 0 replies
Along side that with the connections I have already made and my joy for meeting new people growing my portfolio is also on the table.Looking forward to connecting and growing together!