All Forum Posts by: Colin Valenta

Just found this.  https://www.biggerpockets.com/...

Any other input would still be great.

Is there a common method for accounting for the ages of mobile homes when considering the value of a mobile home park?  These homes are not parked owned.  However, I feel the age needs to be considered because as they age out it's going to fall on the park owner to likely replace the home and upgrade the electrical/pads for a new home.  This is in New York.  Other states might not have as much concern.  Thank you!

Any options out there that do not have to be plumbed in to the water line?

Why is it that property managers generally hold security deposits in their own account?  Isn't this a big liability to the property owner to have no control over this money?  Is it just an industry standard or is their a legal purpose?

What strategies are there to decrease fees associated with refinancing a loan on a value add property once you've increased NOI?

What strategies are there to decrease fees associated with refinancing a loan on a value add property once you've increased NOI?

That's how I generally understand it as well. Just didn't know if there was any extra protection to have your LLC actually established in NC rather than simply registered with NC as an out of state entity operating in NC.

I will soon be purchasing a multi family property in NC. Most of our LLC members live in NY including myself. Any advantage (financial or legal protection) to establish the LLC in NC rather than operating as a foreign entity in NC?