I'm angry at myself for not discovering BP years ago!  

Mash all these components up and you will grow your business.Feel free to reach out if I can be of any help In the future!

I accidentally discovered this page when I was researching on the topic of ARV.

While in the process of due diligence on this deal, I discovered the seller had a HAMP (HOME AFFORDABLE MODIFICATION PROGRAM) loan modification on her loan.

Looking to start picking up some properties in the metro Detroit area (Macomb county for now), bought the book, discovered the forum and started digging through this treasure trove of information.Being not just out of state but out of country I'm looking for a good on the ground team especially a property manager, so if anyone has recommendations I'd love to hear it! 

If this is the case, then you will need to make changes to my P&L below.The annualized land-lease component P&L will likely look like this:RevenueLot rent: $48,000-Less Vac Loss: $2,640 (5%, you may be more like 10% in yr 1 considering the current owner probably doesn't have a screening process)Total: $45,360ExpensesWater/sewer/trash: $17,280Insurance: $1,000Taxes: $7,692 (this is an insane number for a park this size.  

I'm Brand new to BP, and just discovered this wonderful community during my search of understanding the investing/flipping industry.

If he sells the company itself or winds the company down after selling off all its active business components the proceeds will be taxed in his hands.

I'm already discovering that this business is built on relationships more than anything else.

Discovered this site just the other day.Long story short, I have a 150K Equity Lien on my house that is untouched.