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29 February 2024 | 6 replies
After doing some research on the ‘director,’ Kory, he’s actually just a freelance/self-employed salesman based in Utah… I should have sniffed it out earlier in the process than I did because even in the 1stinterview, some of the early questions from the screener included how much money I make, how much I have in my bank accounts, my credit score, how much credit card debt I have, and what my credit card limits are…I was then asked if I was willing to ‘leverage my credit’ aka max out my credit cards to be successful.
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28 February 2024 | 19 replies
So if one can buy dirt at a reasonable price get it approved and built and filled up as stated above they will force equity and have a very good investment that is worth a ton more when completed etc. the issue out this way is finding any dirt you can actually build a park on most cities wont allow them then you have the other barriers to developement and absorption like I mentioned above these all factor into it.. out in the mid west and deep south one can buy a park for 7 to 10 cap all day long.. in OR WA CA your going to find it difficult to find a park above a 4 to 5 cap.
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28 February 2024 | 130 replies
They reflect the overall economy including how expensive it is for investors to raise money and whether they can obtain similar yield from other investments.
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27 February 2024 | 4 replies
Need to factor in an assumption. 6.
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28 February 2024 | 1 reply
Also, what would you recommend including?
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28 February 2024 | 3 replies
If you include lost rent, damages, etc., then yes, it is very expensive.
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27 February 2024 | 4 replies
But make sure to factor in all the costs of building and selling before you decide.
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28 February 2024 | 19 replies
I'm exploring options and this seems like a good way for me to purchase the next deal but I'm treading lightly as using unsecure loans sounds pretty risky and of course I need to consider ALL things including their terms, market conditions, capital on hand (about 30k to invest) and my strategy which is to BRRR.
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27 February 2024 | 12 replies
They will be able to help you determine if it’s the price, the marketing, or another factor that’s inhibiting your place from being rented.
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28 February 2024 | 4 replies
It should be included in the docs somewhere.