Kenji Otokawa
Amazing cash flow on a 10plex with 10 mobile homes in Charleston
Investment Info:
Mobile home buy & hold investment in Charleston.
Purchase price: $617,500
Cash invested: $154,375
10 mobile homes, 2 triplexes, and a duplex. Rent is $7,800 and the mortgage is $...
Chad Kenerson
Buying another investment property well living in my duplex
Hello I’m currently living in a duplex I own. I’m renting out the other side but would love to buy another place to be an income property long term. I really like the idea of owning a lot of property’s to set my life ...
Scott Johnson
Explanation of a contract to purchase land
Okay, here's my newbie question - I plan to purchase vacant land from owners that are out of state and tax delinquent. Since these owners would not be local to me in most cases, I would use a mobile notary service to ...
Derek Torculas
Need a Mobile Home Buyer/Seller Agreement for 55+ HOA.
Hey there! This is my first of many post that I will be making here on BP. So here it goes!I have a very beautiful mobile for 55 plus in the Scottsdale Arizona area. We finally found a buyer that would like to purchas...
Kathleen Pawley-Warne
New Month to Month Or Addendum to Terms of Lease
I chose not to renew my current tenant (all required notices were sent) Her lease is up on 10/31/20. She asked me if I will allow her to stay for another month or two. Apparently, she is having difficulty finding a...
Matthew Cervoni
Tuesday Tip: Track Your Business Miles!
As we near the end of Q3, don't forget a powerful non-cash deduction, tracking your miles! This year, business miles between Jan 1 - June 30 are deductible at 58.5 cents per mile. From June 30 - Dec 31, business miles...
Karsen Wynn
Question About Rents
Hey guys I'm a newbie land I have a (probably dumb) question about mobile home rents and lot rents. I was looking at a park earlier today (just practicing making offers!) and I noticed they had some junky trailers and...
Dakoda Spencer
What Docs are a must for a Mobile Home Park?
Hello BP family!Here is what I ask of BP: What legal documents do we need to completely revamp the park?I could really use some assistance. My mother is part owner of a trailer park. It was passed down to her (and her...
Megan Arzt
How to finance a 1972 manufactured home
I was wondering if anybody had any ideas on where to get financing on a manufactured house thatwas built in 1972. Anything pre 1976 seems to be really difficult in getting a loan on due to the fact that he did not st...
Patrick Philip
What if my lease says nothing about notification of non-renewal?
I manage a trailer park. We are considering selling the land and all the trailers on it. Therefore, we would not renew leases when they expire. Our lease doesn't have any guidelines for this, and the Florida Statutes ...