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4 July 2015 | 7 replies
I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600.
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8 July 2015 | 13 replies
Many urban core professionals who are from the baby boom generation and also formerly lived in the suburbs are finding their lifestyle improves when they can remove their formerly tiresome commute from the daily grind.
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3 July 2015 | 0 replies
I want to target YOU'RE kind of properties so that little time is wasted and that I find just what YOU'RE looking for.
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4 July 2015 | 6 replies
(CapEx, reserves, maintenance, snow removal, trash, vacancy...)
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5 October 2015 | 33 replies
@Steve Babiak, you are a viable jackass that I just wasted keystroke on.............
4 July 2015 | 6 replies
I would highly discourage contacting them frequently if you don't have business to perform, as this could cause you to be ignored and labeled as a waste of time.
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6 July 2015 | 11 replies
@Hattie DizmondThere are no restrictions on how long you have to hold a HUD property that was contacted as an investorWhich Asset Manager were you able to get to allow an assignment and removal of your name on a HUD contract ?
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14 October 2016 | 14 replies
However you also will be letting all of that built up equity go to waste.
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12 October 2021 | 5 replies
Get them to remove the old shingles-all of them.