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re: Buying investment properties...
Posted on 6/5/14 at 9:02 pm to roguetiger15
Posted on 6/5/14 at 9:02 pm to roguetiger15
My uncle owned a mobile home park. His only gripe was that when he bought it there was some park owned units he had to deal with renters on. He eventually got rid of them and just went to lot rentals which is less of a headache but will still have some management time. His biggest headache was collecting rent. Not to stereotype just to do it but you aren't dealing with the most upstanding citizens when it comes to a mobile home park.
I would also imagine the insurance premium on a park is fairly high. I wouldn't allow anything bigger than a house dog for one to keep that liability down.
How can you get it ready for $30K? A multi unit sewer system costs that much alone much less other utilities. Just curious.
I would also imagine the insurance premium on a park is fairly high. I wouldn't allow anything bigger than a house dog for one to keep that liability down.
How can you get it ready for $30K? A multi unit sewer system costs that much alone much less other utilities. Just curious.
Posted on 6/5/14 at 9:28 pm to stout
I got quoted between 20k and 40k for the sewer systems so i took the average. As for as foundation, slab and road forming my brother owns a company that specializes in that and is willing to do it at no cost. Being that I'm an honorary Jew, I'll prob take my chances and go with the lowball estimate on the sewer in order to save costs for utility expenses
The reason he's willing to do it at no cost is bc I haven't charged him a penny for being both his FA and broker of record for his 401k
The reason he's willing to do it at no cost is bc I haven't charged him a penny for being both his FA and broker of record for his 401k
This post was edited on 6/5/14 at 9:31 pm
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