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12 August 2024 | 12 replies
I'm thinking the liquidity of the HELOC would be great to pull the trigger on a good deal when it comes and I don't want to pay interest on taking out money I'm not actually using yet since I haven't found a property yet.
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15 August 2024 | 11 replies
It was not a big deal for him as he already owned it as an LTR previously and furnished it in hopes of using it as a second home when he lived in CA.
13 August 2024 | 7 replies
There are so many moving parts in a BRRRR deal that you need the security of your primary income.
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14 August 2024 | 16 replies
There is not much buyers out there buying, on the flip side I have been able to buy 4 properties this month that were really good deals.
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10 August 2024 | 4 replies
Unfortunately, I have not been able to get in touch with the landlord directly, as they have PM.
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12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
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11 August 2024 | 99 replies
iTunes is just the largest marketplace but anyone can listen directly on BP on the shownotes page or on Stitcher or Soundcloud!
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9 August 2024 | 184 replies
Buyer will miss on deal after deal..
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12 August 2024 | 3 replies
Our agent has experience dealing with/removing squatters and Georgia just updated their laws regarding squatters.
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12 August 2024 | 3 replies
A realtor can make or break deals, tell me about yours!