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15 July 2018 | 22 replies
I received some quotes on getting the utilities and septic on it, and I’m looking at about $10k to get it going minus the $4k or so worth of timber I can have removed.From here I still would need a mobile home, which I wouldn’t really have money left for after the utilities are setup, so if anyone has any advice on picking up a mobile home free or at a low cost it would be appreciated as well.
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23 February 2018 | 40 replies
our average age of our client was 70 to 75 had owned the timber for one to 3 generations. and would just sit there and live in the old home they had lived in for years and drive the beat up pick up.all the while sitting one 1 to 5 million worth of timber.. but one thing was certain once the kids got it.. the chain saws were fired up in short order as @Joe Splitrock indicated..
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23 March 2018 | 3 replies
I am using TurboTax.Do I:- refer to the original depreciation schedule and pick up at the level of depreciation that correctly accounts for the years it was a personal residence (even though I didn't claim depreciation in those years)?
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23 February 2018 | 13 replies
Turnkey MF exists for sure, we're selling 2 to repeat investors today and we sell them often in the 2-20 unit range.Todays two:23 unit B class MF at $1.15MM.
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20 February 2018 | 0 replies
Single-family homes, then mid-class apartment buildings, and like that?
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18 May 2018 | 6 replies
I have put together a great resource I would like to share with you that 1. helps investors understand the way we view property classes and 2. outlines all the different areas we usually invest in with all the school ratings.
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29 August 2018 | 40 replies
Picked up 3 more A/B Class properties today to sell to our turnkey clients soon.We don't sell the C/D junk like many folks do in Cleveland, Columbus, (and everywhere)....and, therefore, we don't have fake CAP rates that are cute at 13 and instantly disappear when the first D class tenant trashes the place costing $11K to rehab.
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15 May 2018 | 27 replies
Pick you battles....... is it worth the hassle over letting them walk 3 months early?
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23 February 2018 | 23 replies
@Martin Saenz on another note, I just gave a similar Leadership Professional Development class (LPD) to my Soldiers on the power of goal setting last week.
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21 February 2018 | 6 replies
Morris Invest is a scam and they buy properties in D class areas and then try to play them off as if they are in great areas with awesome rents.