I am pursuing a MHP deal and just received the financials of the past year. It is a 10 unit with only 2/120 months vacant in the past year (2 evictions shown in the expenses). Lot rents are $450, and only one of the ...
How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
Hi All,What sort of numbers do people like to estimate for per-unit maintenance? I'm specifically looking at medium-size (say, 12-50) unit, older but in good shape, class C buildings around Chicago and suburbs. Actual...
Happy Friday everyone,
We are relatively new to real estate investing, so there is a lot we do not know. About 20 years ago my parents bought 10 acres land in Lancaster, CA. Thinking it would develop into a thriving ...
Most people know a hard money lender or a commercial bank, but very few know how to acquire Unsecured Lines of Credit to complement those lending sources to 100% finance their deals. And even fewer people know how to ...
This week I want to continue my mini series on some of the benefits and critical things you need to know if you are deciding to implement the virtual investing model.The key to having consistent success in a visual ma...
just closed on my first investment property its a 4plex, I used a fHA loan so I will need to move into one of the units. However 3 units are month to month and one unit expires in October of this year. I would like to...
I am 26 years old and I bought a home when I was in the military. It is currently rented out in Texas and I have no issues with this home and have some decent cash flow from this home.
I am looking to begin building...
I'm looking to buy a property management company, the problem is none of them in my area are listed for sale. So I wanted to call them and ask if they would like to sell it. I've never done this so i was wondering if ...
For those following a STR rental arbitrage airbnb strategy (or homeaway, vrbo, etc), when you sign a lease with a landlord or owner: 1) what do you do about the clause in their lease that prohibits subletting, airbnb,...