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3 March 2017 | 3 replies
Many people would argue I took too long and with some respect this is true, the group now looks back and says boy if only we had bought our first house in 2002 instead of 2007.
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3 March 2017 | 4 replies
I wouldn't suggest quitting your job right away but when you have an established foundation of rental properties its definitely possible.
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4 March 2017 | 3 replies
I've called my bank and they have no product to help me (and had no knowledge of what an SDIRA LLC is)...and maybe there is no option but thought I would check with others.When establishing a checkbook IRA what do people do for the actual checking account...meaning,If I have 200k that I want access to I understand the steps required to establish this SDIRA but I hate to leave 200k in a checking account and earning nothing or very nearly nothing in investment interest...I will have the 200k sit there until I find the right investment, maybe the investment doesn't use the entire 200k, and/or then there is the money coming back in from rents I don't really want that to sit either.I do realize that I can buy other investments via this account but what is the best way to do so while still remaining liquid so I can pull the trigger on the right opportunity?
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7 March 2017 | 2 replies
If you have rights to the property via contract then you have to understand what the lender will accept with respect to closing.
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8 March 2017 | 10 replies
But because I took the time to establish that rapport, I'm confident my phone will ring when he's ready to come down a bit.
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6 March 2017 | 1 reply
Track Comparable SalesAlthough we are still hovering near the all-time lows with respect to the 10-year treasury, consider that for every 1 percent rise in interest rates it takes somewhere in the neighborhood of an 8 percent increase in Net Operating Income to remain at par as far as your property value is concerned.
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9 March 2017 | 9 replies
Not to argue or contradict @Ken Rishel as I respect his knowledge, expertise, experience and obvious success in the MH Industry, however, one thing I've personally experienced over the years as a General and Manufactured Contractor, Manufactured Home Dealer, Real Estate Broker, Developer, investor and property manager (my own portfolio) is that in park sales personnel, be they the manager or an in park sales dept., is that it can be construed as somewhat of a conflict of interest to residents wanting to sell their homes if they feel they are obliged to list their home with an in park employee vs a RE professional or MH dealer of their choice.There are a few MHC's in my neck of the woods who have done and some that still do this and the homeowners/tenants really resent it and often opt seek their own representation.
6 March 2017 | 1 reply
We do have corporation set up so not sure if using a personal loan works since the corporation although it was established in 2003 it was under a different type of trade and does not have credit.
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8 March 2017 | 20 replies
So let me understand this (and I mean this 100% respectfully, but admittedly with a dash of sarcasm): The rich folks like to invest in a deal that loses $50k or so a year, because that's good for taxes?
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11 March 2017 | 6 replies
Sounds like you do not have any established relationships with any of these professionals either.