All Forum Posts by: Jo-Ann Lapin

Can't wait to the after pictures. Congrats on getting the deal. Must be nice to be on the 3rd one and hopefully you get to use the same vendors to do  the work!

Agreed with all. Generally the more skin in the game you have . My world equity in the subject. The more leverage you have to negotiate a non recourse loan.

Erin. No ones knows your situation more than you do. In my humble opinion I think being an absentee landlord is never a great idea. You always want to be close to that rental. I hope that helps. I do here that Colombus Ohio is just a wonderful community that is growing minus the whether. LOL

I believe around *40 per month. They have several programs. I agree with you on LoopNet. Just FYI

I have a client that sells and installs his windows. He is in the Inland empire. Where is hour subject?

I agree with you Frank. That is why I posted the saying. It has always gotten under my skin when investors refer to any type of property with that saying and it does imply that they are easy. Which they are not. Your 5 components are essential. Lastly, in a down market they can be tricky to get conventional financing too.

I would say for sure possible. You have to factor the wear & tear and the big one are the UTILTIES. Those always will get you.  For vacation rentals it's all about the bottom line and the location and amenities. They are not an arm chair investment even if you find a property management company you trust, you have to be pretty hands on. A good marketer to rent out year round helps. There are so many web sites now that do help and you have to be savvy enough to work them and be proactive with the reviews. People can be brutal with their yelp reviews. The days of letting some things slide have gone thanks to our modern technology. Again, with all that being said if managed well with the right numbers they can be wonderful long term investments with some French benefits.

I would take the majority of it to invest in long term trust deeds and then look for a mobile home park to invest in. I always believe that diversification is key so I would  invest in other non real estate investments. The interest income would go towards my families nest egg but a percentage would be allocated to the charity I deem suitable. I would allow myself to take my family on trip aboard.

Church/ house of worship financing has become extremely challenging for many organizations. Society here in the states continues to move away from structured places of worship. Many churchs/ house of worships are finding that they have to close their doors as members simply cannot keep supporting them. I would personally like to think that it boils down to lack of finances. Some churchs/house of worship have been able to weather the storm by finding other uses for their facility. A growing trend is use them as charter schools. In my opinion a win win for all those in the community. Because of tidings diminishing and expenses going up many organizations turn to private/hard money. It can be a solution for all if structured with lots of TLC. A good deed for a good deed.

If run properly mobile home parks can be a sound long term investment. No dealing with rentals are beaten by tenants. Info structure usually does not require updates as often as apartment buildings. Any word on deprecation on this product?