27 February 2020 | 2 replies
Current rents per month: for whole park ~4KFair market rents per month: I'd guess just at > $500/unit and offload the utility costs on the renters, current paid by park ownerDown payment or equity: Expect I could come up with 30% down if neededSource of down payment funds, if applicable: own funds and borrowing from/against IRA/brokerage acctIncome Source: Salaried in telecom construction management for ~20yrsGross monthly income (optional): $5K/moMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $3KFICO: Excellent 800Credit issues: just mortgaged a rental property in Feb and cannot yet show rental income history to offset costs.
26 February 2020 | 0 replies
Current rents per month: for whole park ~4KFair market rents per month: I'd guess just at > $500/unit and offload the utility costs on the renters, current paid by park ownerDown payment or equity: Expect I could come up with 30% down if neededSource of down payment funds, if applicable: own funds and borrowing from/against IRA/brokerage acctIncome Source: Salaried in telecom construction management for ~20yrsGross monthly income (optional): $5K/moMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $3KFICO: Excellent 800Credit issues: just mortgaged a rental property in Feb and cannot yet show rental income history to offset costs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/250647/small_1621436253-avatar-jackb2.jpg?twic=v1/output=image&v=2)
27 February 2020 | 5 replies
Make a list and deliver the security deposit back to the tenant minus the repairs; supported by invoices.
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10 March 2020 | 9 replies
Maybe this is my contractors, but there is a reason flipping is a full time job.For out of state investment, I would be looking for turnkey operators, or find a partner in the market, where you both will have skin in the game to do it correctly.
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27 February 2020 | 10 replies
You will also meet some really great people that support this group such as Lawyers, contractors, mentors, real estate agents, etc..
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28 February 2020 | 7 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
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27 February 2020 | 11 replies
The old "sheep skin" isn't worth what it used to be, but the knowledge absolutely is.
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27 February 2020 | 1 reply
The key will be finding the company, in your desired market, that has the technology in order to support that style of REI.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1251818/small_1621510684-avatar-denize.jpg?twic=v1/output=image&v=2)
28 February 2020 | 6 replies
Turnkey rentals and investing in apartment syndication are backed by real estate, so I’m supportive of both.
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28 February 2020 | 6 replies
They have more skin in the game then you do.Make sure you get clear title.