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16 September 2024 | 43 replies
One was cash-neutral.
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19 September 2024 | 5 replies
Go read the next 100 threads below this one in the mobile home park investing subforum that we are in. :)
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16 September 2024 | 8 replies
The line of credit would give full access to your equity instantly and you would only pay simple interest on the amount borrowed at any given time.
16 September 2024 | 5 replies
Another big one would be $3367 in Lender's Title insurance.
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19 September 2024 | 0 replies
Do more research on the commute time to DC and I95 high traffic sections.
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19 September 2024 | 5 replies
Your LP’s will need to be informed they are behind a hard money lender, what those terms are and the risk involved with being behind that hard money lenderDepending on the lender they could require you or one of the LP’s to also personally guarantee the loan.In most states if you have more than one LP then you would need to register the offering with the sec (most likely as an exemption) but docs and setup would probably be $10k.Can it be done yes, is it typically done for a deal under $1-$5M, typically no
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16 September 2024 | 1 reply
If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.
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16 September 2024 | 9 replies
(Note: right now I am not considering STRs).1/ Columbus, OH2/ Tulsa, OK3/ Huntsville, ALFor additional context, my main goal is to invest in a market that allows me to cash flow AND build appreciation over time.
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19 September 2024 | 2 replies
Quote from @Dana Sutton: You've had success with this one.
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18 September 2024 | 14 replies
I have heard section 8 can be 2-3 months at times, but sounds like your turnaround time is great.