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Results (10,000+)
Robert Ferrar Deal Analysis: Multi-Family (Easton, PA)
11 March 2020 | 9 replies
(This I need to get a better understanding, if i) each unit has a separate water meter that the tenant is responsible for, ii) otherwise if there is a bill-back arrangement with the tenants. 
R Walter Rental SFH Remodel/Raise Rent...calculations?
11 March 2020 | 10 replies
@Bill TurnerI’m making money.
Nick Na NB non-owner occupied tax
10 March 2020 | 0 replies
I was under impression that the property tax should be doubled however it hasn't reflected in his property tax bill.
Slava Golubov Repair or rent as is
11 March 2020 | 6 replies
Or they trying to just bill me for future repairs that they will do themselves?
Froilan Halili paying sales tax on construction for rehab
10 March 2020 | 2 replies
The Maryland legislature just introduced a bill to do that in Maryland and we were able to get the bill killed in committee. 
David Nacco Mobile Home Park Investors, Where do I Start?!
2 April 2020 | 7 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
Adam Ramsey Sell or Refinance my Rental Property
11 March 2020 | 5 replies
I'll only be clearing about $10-15,000 in profit from the sale (not bad after 2 years of owning it) so my cap gains bill won't be much.For a BRRR property I currently don't have anything in place but am planning on pursuing one very seriously in the next few months.
Eric Kump First time homebuyer
7 June 2020 | 14 replies
Also take a look at utilities in east mesa as water/trash/gas/sewer are all separate bills in certain neighborhoods. 
Rob Forest Dog Urine and Crazy Repair Bill - What to do?
2 June 2020 | 6 replies
Quite a bill for a unit that rents for $700 a month.I can end the month to month lease and insist the tenant pay the cleanup bill, but they will likely just skip town and I'll never see them again.
John Tiernan Tax Deductions on Rental Rehabs
2 June 2020 | 2 replies
Plummer bills?