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6 January 2020 | 7 replies
I would read the following:1) Any of the books that Dave Reynolds and myself have written (OK, that was obvious).2) Sam Zell's book "Am I Being Too Subtle" not for the MH component (only about 4 pages although he's the largest owner of mobile home parks in the U.S.) but because it has excellent discussions on the concept of risk vs. reward which applies well to mobile home parks.3) "The Man Who Bought the Waldorf" which is one of the greatest real estate books of all time and tells the story of Conrad Hilton and how he built a fortune, lost everything in the Depression, and then bought it all back for a penny on the dollar later when everyone else would have just jumped off a bridge.
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3 January 2022 | 150 replies
It’s really a matter of risk and reward, sure, there is risk, you have hurricanes, in fact, Wilmington North Carolina got hit with one last September and we lost two months of the tourist season.
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24 May 2023 | 15 replies
I am eager to understand:The nuances of different neighborhoods and their respective investment potentialsThe challenges and rewards you've encountered in this marketYour experiences with local teams (agents, property managers, contractors, etc.) you've worked withAny key lessons learned and strategies that have worked well for youI would also greatly appreciate insights on potential pitfalls or critical issues I should be aware of as I consider investing in this market.My ultimate aim is to make an informed decision and hopefully start a rewarding journey in real estate investing.
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22 April 2019 | 10 replies
If you ignore basic business principles such as risk adjusted reward, then on a shallow level it may seem so.
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2 June 2023 | 64 replies
Let the management company have the rewards and risks of managing a STVR business.
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17 February 2019 | 70 replies
@Russell Brazil sounds like you're talking risk vs reward.
21 November 2020 | 3 replies
Some of these are actual physical items that require going to the property.Owning remotely with a great property manager is fine and rewarding!
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12 October 2013 | 15 replies
That is not to say there are tremendous rewards for purchasing land if you definitely know what you are doing.
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28 August 2023 | 3 replies
You need to determine what the cost of doing business is vs the reward and set your pricing accordingly.
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18 August 2023 | 7 replies
Ultimately, these are investments, and your risk/reward should be the driving factor.Buying a 100+ unit will get you the efficiencies of being able to afford a couple full time people, right off the bat.