Shane Walsh
Show me the path!
23 January 2014 | 2 replies
How much annual return are you trying to get of off the 100,000??
Jal Singh
HELP! Need Advice on First Deal
30 January 2014 | 25 replies
It could be correct, but I've seen 2 bedrooms with annual taxes over $4K in south Ferndale.
Justin Trudell
First timer running the numbers
25 January 2014 | 17 replies
Annual numbers assumed (3k taxes, 4k maintenance, 1k insurance, 3k for PM/admin fees).
Samson Kay
Rich Dad Poor Dad Thoughts?
8 July 2022 | 97 replies
It would be a liability if it were sitting vacant and the annual appreciation did not exceed the total annual expenses for the upkeep.
Ryan Doyle
MHP with a house
28 January 2015 | 4 replies
I would be selling the park owned mobiles to tenants to get out from under the maintenance and repairs...but I can't sell the house...but I don't really want to deal with a renter in the house and owners in the mobiles.Should I just steer clear of this one?
Dustin Hope
HELP!
25 January 2014 | 9 replies
It is a mobile home park, with 48 lots (leased for $150.00), no park owned homes, and pays for their own utilities, 44 lots occupied.All Annually These expenses are from the park, Real estate taxes: $2593.50Outdoor lighting: $672Liability Insurance: $500Lawn: $720NOI:The gross NOI is $79,200I Would Add Or Change To The Following Expenses, Such As:Management: $ 3,168Other: $ 300Lawn: $ 1500Insurance: $ 1000Travel: $ 800Loan from bank:Interest from bank: 6.5%15 years amortizationLoan for down payment:Interest for investors: 8%Questions:It seems every park I run into there is no money left after I pay back the bank and investors.
Craig Odem
New construction sfr vs older ones?
23 January 2014 | 3 replies
Obviously maintenance costs should be much lower, thus resulting in greater monthly cash flow.
Tonya F.
Tenant / Lease
24 January 2014 | 17 replies
The property will get worn out faster and maintenance issues will be more frequent.
Eric O'Brian
How much commission should I ask for providing leads to Property Management Company?
23 January 2014 | 1 reply
My mentor / business partner who is showing me the ropes in RE is starting his own property management business after being in the real estate game for 13 years.He is offering me a job in said property management business as an on-call maintenance person, and also said he can pay me to do yellow letters for him (I currently send out a lot of them for my own investing purposes).He said he can either pay me for each letter, or a 10-15% commission on income from any leads I generate (so if I land him a property that he makes $150/mo on, I would make $15-$22.50/mo on each property. 20 properties = $300-$450 / mo total).Either way, he will pay for all the material and postage- so I'll just be taking care of the rest (printing, packing, sending).
Geoff S.