Donald DiBuono
Mobile Home Park Development
12 January 2025 | 12 replies
I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!
Khyree Randall
Seeking advice for making offers on mls listings
17 January 2025 | 15 replies
This has been a reoccurring situation over and over again and it’s getting me frustrated and I’m starting to question what exactly am I doing wrong.Thanks in advance.
Brett Riemensnider
First Time Landlord - Tenant Placement In Minneapolis Area
13 January 2025 | 6 replies
For example, if you don't specify if a certain item is reoccurring or 1 time, you can't collect it.
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
As I read your post, the reoccurring theme that came up was a screening problem.
Jorge Liang
Tenant Fleas (Pest) Complaint
30 November 2024 | 11 replies
If the answer to 1 is yes, then am I just stuck footing the bill if a flea problem were to reoccur?
Richard Nguyen
Experiences with SDIRA
29 November 2024 | 9 replies
I would look for a custodian who does not charge a fee based on your assets.I normally see the costs being A one time set-up fee along with an annual reoccuring fee.The thing you want when opening up an SDIRA is that the return that you will make with alternative investments will be greater than the fee that is charged to you for the SDIRA plus the return you would have likely gotten with a regular IRA.
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
This allows us to automate where transactions go and we create reoccurring depreciation entries so they can see what their return will most likely look like.
Greg Seivert
How much in tax deductions should I really take
21 November 2024 | 2 replies
You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
Because that money is inheritance and not from W2 or a reoccurring source, you really cannot bank on that.
Dennis Gallagher
New RE investor, working with my son
12 November 2024 | 5 replies
Also trying to find the best strategy for cash-on-cash return (reoccurring) but struggling a bit here.