Jason Noel
First Time Mobile Home Park Purchase
I am looking at purchasing a mobile home park in the town I live in. The basics of the listing are:Purchase Price: 2,500,000.00NOI: 224,000Cap Rate: 8.965.311 acres18 mobile homesRenovated in 2020I have never made an ...
Kirk R.
What were your 1st and 2nd RE Transactions?
Seems like getting started is always the toughest.Anyone share your 1st and 2nd RE transactions. How you found it? & whether you made money or lost money?
Andriy Boychuk
Typical Mistakes - MH Park - Seller Financing
What are typical mistakes when you buy a mobile home park with seller financing? What should I include and not include in the contract? What kind of lawyer to hire? Should the layer be regular RE lawyer or MHP special...
Blake Mgbada
Avoiding Capital Gains Tax
Does this situation sound feasible?Let's say I completed a live-in-flip as a single person. When I sell my house, I have over $300k profit. I have to pay capital gain tax on the $50k surplus. What if I refinanced for ...
Adam Simpson
First Rental Property - Thoughts?
This will be my first purchase so looking for any feedback from the community.Ask - $50k - started above 70k. Assessment well over 100k. Homes in area 130k+. Needs - probably 15k in immediate repairs, another 10k in v...
Menina Rascionato
What CAP rates are normal in the Greater Boston market?
Hi All,I have investment property in another state, but I'm looking to get into the Greater Boston real estate market. Granted right now is a crazy time to be buying in this market, but I'm having a hard time wrappin...
Ara Abrahamian
Onerous Terms for Commercial Multifamily Loan
I'm about to close escrow on my first commercial multifamily property (>5 units) and I'm a bit surprised by some of the terms that are in my loan documents. Curious to get perspective from more seasoned investors /...
Irais Torres
How do I value the land on a property?
Hello BP Friends!
I'm a licensed Realtor in IL and I am still in my first year so there are plenty of things I am still getting a hang of.
I love working with small multifamily investors here in Chicago and am alwa...
Bryce Bunton
Help structuring an offer on a 4 property deal?
Hi all,I’m working on an offer for a package of 4 properties, a 4-plex, duplex, and 2 SFR. The seller is hesitant because the duplex and one of the single families will be short term capital gains and he isn’t wanting...
Don Freshen
Closing Disclosure Loan Calculations Page 5 - Refinance
I have not done a mortgage or refi in a decade and am currently in process with a reputable credit union. They use a third party for processing and servicing and my mortgage consultant got me a great rate as they wer...