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26 February 2024 | 24 replies
What could I expect to cash flow per year including on and off season?
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26 February 2024 | 20 replies
People want flexibility, mobility, convenience, and automation...including residents, not just travelers.
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26 February 2024 | 5 replies
The BiggerPockets podcast and resources, including books by J Scott, are excellent tools to learn from seasoned investors and gain valuable insights.Utilize BiggerPockets Resources: Make use of the podcast, articles, webinars, forums, and other resources available on BiggerPockets.
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25 February 2024 | 13 replies
get an umbrella policy to protect yourself, see if you need a rental license in your municipality. an LLC is only for insulating you for liability and anonymity, it will not save you on taxes and you really dont need to worry about it with one property imo . you cant protect a single property from lawsuit, insurance is what covers you just make sure you’re up to code. insurance will always look for a way to get out of covering an incident.if you register, you’ll want to report the income. if you make less than expected after deducting costs, then it’s time to raise rent. you wont be able to reduce more to reduce other income streams since you're not a full time real estate investorin the future if you ever sell, because it’s a rental now you will owe capital gains on the property. philly is probably like ohio and not california with it’s YoY growth being tied to inflation. with that said your profit is mainly going to be the equity you build from your tenant paying your mortgage. the money earned monthly should be saved as youre doing in case you have a capex repair/replacement come in like HVAC, roofing, etci advise you pay for an hour to speak to a CPA to better your options.good luck
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26 February 2024 | 7 replies
There are just too many red flags here (including your inexperience) for this to be the right first MHP deal for you.Attend F&D's bootcamp (www.mobilehomeuniversity.com), get educated.
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26 February 2024 | 20 replies
Price point for Hostfully is approximately $1200 per year and they do charge an onboarding fee that includes a pair of individual train g sessions done online.
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26 February 2024 | 12 replies
That included emptying the septic ($300ish).
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24 February 2024 | 1 reply
They are energy efficient and help reduce the monthly heating bills.
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26 February 2024 | 4 replies
A DSCR loan is a long-term loan with rent-ready conditions and uses the rental income to cover the expenses, including the loan payments.Both are asset-based loans, but only one is a DSCR loan (the rental loan).
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26 February 2024 | 58 replies
To include, stealing from businesses, sell drugs, etc... but what my area and CA is hard on is environmental violations.