Keith Meyer
Mobile Home Park Seller with Low Expenses and Poor Records
Hi All,I'm currently evaluating a park with 65 pads with no vacancies, at a lot rent of $450 for a Gross Income of $351,000. The Seller is willing to finance the park with a low Down Payment, between 5-10%. The Seller...
Mohammed Quadeer
long term carryover loss to offset depreciation recapture
- Purchased strip mall in 3/2003 in Chicago, IL for $4,800K- Sold it in 11/2017 for $4,660K- Closing costs for purchase/sale $600K- Capital improvements $300K- Total depreciation claimed over the years $2,300K- H...
Alejandro Valbuena
Making a Shift from Property Management to Real estate Analyst
Hey everyone! I hope everyone is doing great! I am currently working in a property management company in Miami. As a young student I try to learn from any type of experience in the real estate industry, I have been in...
Carrie Pledger
How well-maintaned should I keep a home?
I have two duplexes. As soon as I bought them I made improvements. I wonder, how many improvements is advised for a rental property? Do I keep it as nice as my house or do I do the minimum possible? (For example...
Charlene Rakhshani
1st is foreclosing, 2nd is w/IndyMac
I'm going to approach the owner to purchase a foreclosing home, subject to lender approval of a short sale on the 2nd and 3rd. Indy has the 2nd and WaMu the 3rd. What can you tell me about these lenders? Auction is...
Chris Clothier
Do Public Works Projects Attract Real Estate Investors?
I recently wrote an article about public works projects and how they effect the mood of real estate investors. I updated it on my blog today and I want to know if you agree or disagree?
Do public works projects su...
Shak F.
Recommendations on renovation
Hello Charlotte BPs,I am new to investing and upgrading properties. I recently acquired a class B single family property it came with tenants. They will move out in mid April. It's okay condition for me to live there,...
Frank Macias
Commercial loan for primary residence?
Hello all,Looking for a creative way to finance a new construction of a primary residence. We plan on living in the home but also building an attached mother in law suite and a detached garage both of which we would r...
Reid Hanley
Mobile Home 'Park' vs Land with Mobile Homes
I have found several parcels of land in my area that have multiple Mobile Homes on them, in essence they are mini Mobile Home Parks, but they aren't zoned as mobile home parks. The mobile homes on all these parcels a...
Nathan Smith
Partner with contractor on flips
I have a contractor that would like to partner with me on a few flips. I would be the money guy and he would handle all the renovations (manage subs, etc)
What would be a good split?