Jamie S.
Best way to determine basis of a rental property conversion?
27 February 2016 | 4 replies
In the past I have determined the basis by pulling 5-6 comps within a 2 mile radius and documenting my 'math' that arrived at that basis (similar to an appraiser's table.
Daniel Purim
No Warranty Deed in the Sales History = Problems?
25 February 2016 | 5 replies
Pay for a Prelim Title Report - - this is what the bank and title company would be looking at.If a few hundred dollars keeps you dry on the docks, it's better than falling into the water filled with sharks.
Clay Walker
Mobile home investing
20 July 2016 | 8 replies
In Lufkin a dealer has this ad up for a New MH for $40K , delivered (but not set up)http://nacogdoches.craigslist.org/reb/5405774303.h...In my area a new Single Wide set up is running over $50K.If the Mobile's are less than 10 years old, you might not have that many problems. 8-12 years are when Water Heaters start to fail, and MH Water Heaters can cost more than regular ones.
Dan ODonnell
Investing in a flip, help!
26 February 2016 | 9 replies
I would also look at the skill level you both bring to the table.
Robert Perrault
New Member From Connecticut
2 March 2016 | 7 replies
I am here to pay it forward so reach out if there is some info or maybe connections you may be looking for that may move you along faster.My first property I bought was 10 acres with power and no water, bought it for 30k sold it for 50k, I was hooked after that, just kept repeating the process. had a good mentor at the beginning.Good luck here hope to see you around!
Orion Ross
Multi-Family Conversions
26 February 2016 | 8 replies
In 18yrs, I've NEVER had an issue with elect, gas or water meters!!!
Meghan Letters
Need expert advice! How scary are foundation issues?
21 January 2019 | 19 replies
Some of that sounds more like ventilation and water issues (fungus) than foundation issues.
Shelli Callan
How to find a value for a small park with a stick built home also
26 February 2016 | 2 replies
This also assumes the Park is on city water and sewer and not well and septic...As far as the stick home goes you should seek to purchase the property without it, but if you have to acquire it then yes using comps is the correct approach.
Joe Smith
giving up house with reverse mortgage but needs furnace
28 February 2016 | 13 replies
also the old furnace is so old it dont have some thing to mix the hot water like when you turn on the hot water it gets scalding hot this house don't even have circut breakers it runs off fuses
Mark Byrge
Commercial loan refi at term end
29 February 2016 | 14 replies
"Systems and team" are really table stakes.