Steve Gerten
Amazon is now in the real estate market!
1 August 2019 | 18 replies
The current web/app based services are all handling credit card transactions primarily.
Kyle Bethune
Best way to Borrow against a rental?
25 July 2019 | 1 reply
I have a 8 unit multi family property. 1 single family home 2 duplexes3 mobile homes all on 2.5 acres of land.Grosses $6500 a month.
Nicholas P.
Newbie Needs Solid Advice
30 July 2019 | 20 replies
I am still mobile but need to plan for the worst.I just have a few concerns (not excuses) preventing me from getting started.
T Smith
Finding Fixer Uppers
26 July 2019 | 2 replies
Do real estate companies avoid listing fixer uppers on their apps?
Anna Catron
PAY FOR EVAL OF MHP?
29 July 2019 | 6 replies
.$505,882 in real value plus $90,000 of personal property = roughly $600,000 in value for the park as it sits.Your upside is in filling the remaining vacant lots, pushing the rent to $250+ over time, and renting the 6,000 sq. ft. building.Your greatest risk is the private water/sewer system, and the demand in a metro of only 33,000 (TEST AD ESSENTIAL).The potential value of this park is 25 lots x $250 x 12 x .6 = EBITDA $45,000 plus 3 stick builts x $600 x 12 x .6 = EBITDA $12,960 plus 1 commercial building $1,500 x 12 x .6 = $10,800 = TOTAL EBITDA OF $69,000 AT 8.5% CAP RATE = $811,764.The risk/reward scenario is decent because if you pay $600,000 and sell off $90,000 in mobile homes, you have $510,000 in deal and, assuming 25% down, you have invested $130,000 down and, if you can bring the park fully back to life, you have a profit of around $300,000 on your investment of $130,000, which is about a 2 x multiple which you should be able to harvest in less than 5 years if you work really hard and did great due diligence.
Andrew Rivera
Born and raised in the city of Chicago and now I need some help
26 July 2019 | 1 reply
So much I created my own mobile barbershop business to service children who may be on the spectrum and can’t handle the barbershop environment and even seniors who are home bound, bonus is having a new friend they can look forward to seeing once or twice a month!
Eben Rohling
Adjusting Purchase Price and Interest Rate with Seller Financing
27 July 2019 | 14 replies
Here is a chart https://apps.irs.gov/app/pickl... that I posted in the other discussion that was mentioned above of 'the lowest legal rates', to paraphrase it.
Tim Woodbridge
Best PPC service for mobile homes, South Carolina
29 July 2019 | 1 reply
I would check other companies targeting Mobile homes in other areas.
Brad Jacobson
Estimating Rents in Growing Market
28 July 2019 | 6 replies
There are a few apps I just started using this week to see if they help.