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19 October 2018 | 8 replies
Either incentivize people to move their homes to the park, most likely by footing the moving and set up costs, or buying the homes yourself and selling them like @Jay Hinrichs suggested.
5 June 2019 | 14 replies
I live in a Boston suburb and plan to buy a property in this area in a B class area which I expect to run me 500k+.I plan to buy something that needs work and plan to have 10k set aside for renovation and 30k for a down payment as well as some reserves.
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17 October 2018 | 0 replies
After reading Brandon and Heather Turner's great book on managing rental property we are working hard on setting our business up as they recommended.
18 October 2018 | 7 replies
So the price floats up or down, but I do set a minimum price number, but always a price that a bank's appraisor would accept.
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19 October 2018 | 5 replies
The water leaking into the rooms has been solved which was the big issue all mold removed.The tenant is set to move in November 1st.
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12 November 2018 | 36 replies
You can probably find one on BP who at least has an investor's mind-set.
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18 October 2018 | 3 replies
I currently have my criteria set at 30% margin, which works great for my area.
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19 October 2018 | 14 replies
I use 3% vacancy, 5% capex, 5% maintenance for this particular property (*Full Disclosure: my day job pays my bills, so in reality I'm setting aside 100% of cash flow, but some of that money will also go towards more purchases).
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28 November 2018 | 1 reply
Executed a master lease with a one year option to purchase for a fixed price and guaranteed them a set amount each month.
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18 October 2018 | 6 replies
You get to set the interest rate (it can be 0%) and you get your investment amount back sooner.Some things to think of: To file a deed at the county courthouse is $100-$150 in cost (depending on which county)And you want that note to be pretty close to 70% of the ARV for the property if you don't want to bring any money to closing. 70% will allow you to roll in your closing costs.