6 July 2018 | 3 replies
Just get rid of them as quickly as possible and run your business.
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5 July 2018 | 1 reply
I understand I need to find the deals faster, but just how quickly do other people pounce on these things when everything seems legit?
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24 July 2018 | 5 replies
I'm wondering if there are any real estate attorneys or mortgage law experts that would be available for a quick call.
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19 July 2018 | 8 replies
You will have to put up with being treated with all the mechanisms that the society excludes aberrant people: contempt, ridicule, disregard.The best thing that I can say about the second point is that once you do start making some money, it's amazing how quickly the same people that treated you like garbage start fawning over you.
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8 July 2018 | 9 replies
David Hald Two items from my point of view:1) I would encourage you to focus on finding the real estate first then worry about the financing.
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6 July 2018 | 2 replies
don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.
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6 July 2018 | 3 replies
That 5 years goes by too quick.
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17 April 2021 | 15 replies
They want to close quick, and they want you emotional, these are their normal business operations.
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10 July 2018 | 9 replies
I know they are hard to find a deal and if you do then i am sure it is quick to be bought.I will be officially in the area on the 19th of July.
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13 July 2018 | 12 replies
Certainly that's a safer approach for the buyer, but could easily put him at a disadvantage relative to more experienced flippers who can complete the due diligence quickly and make offers with few, if any, contingencies.