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1 October 2022 | 9 replies
As platforms and legal processes become more streamlined - which they will - it will become more widely available.The simplicity and liquidity of a token representing a limited partnership interest will have a lot of advantages for both investment providers and investors.
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2 July 2021 | 7 replies
In the past we have had units out of state that we didn't manage and the pay dates varied widely.
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1 July 2021 | 7 replies
I’ll get right to it.I purchased a double wide on a lot for 65k I bought it out right to use for a rental rents on these types of property in my area 1,000 to 1,300 per month the property could use some small repairs roughly 4K-5k in repairs there is currently no tenant renting the property it apprised for 93k last year So I had a offer if I was willing to owner finance the property to a guy I know pretty well he offered me $10k down payment $1k per month for 15years witch comes out to be a total amount of $190k (no interest in this agreement) I was wondering if selling to this person was a good ideal due to the fact it’s going to take 15 years to receive my money although I’m gettin well over appraisal also on any default I’d be getting the property back I’m new to this and don’t know if I should sell or keep it HELP!!!!
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1 July 2021 | 1 reply
It's the land that has value a single wide is a automobile in a sense.
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2 July 2021 | 11 replies
Hey Ruth, do you happen to know how wide the cracks are?
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17 July 2021 | 7 replies
I think if you have wide opening between living room and dinning area will be enough, that should give you nice flow, perception of bigger space but still defined living area.
2 July 2021 | 1 reply
Finance for buy and hold to maximize my results.CASHPros of cash holdings:Minimizes risk in down economyMaximizes pure cashflow on the propertyDon't owe anyone anything, freedom mentalityKeeps the options wide open (you can always finance and pull equity out, use as collateral, etc.)Don't have to worry about a bank calling the loan due or something unusual, especially in a recession or tight economyCons of cash holdings:Ties up a lot of equity that could be used for other dealsPotentially risks the capital in the property (if sued for example, it is easier to go after equity in the property than a bank loan)Potentially limits ability to grow (more capital tied up into deals rather than ability to acquire more properties)Possibly losing some tax benefits of interest deduction, amortization, etc.FINANCINGPros of financing holdings:Ability to possibly increase ROI, cash on cash, IRR?
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2 July 2021 | 2 replies
I normally have 6 months of expenses in my reserve account for rental properties, however this amount or value properly varies widely amongst investors.4) Take your time, and grow smartly - I'm in a similar situation right now where I have a large amount of cash that I'd like to redeploy into additional properties.
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11 July 2021 | 4 replies
Unless the bedroom has a door that connects to the outdoors, at least one of the windows should be at least 24 inches tall by 20 inches wide.