All Forum Posts by: John Krasner

It is a  difficult market to break in North America, where the agricultural industry is so mature. You will have significantly better results farming internationally in a country where the farming practices aren't as advanced. That way, you can outdo the competition without having to break the bank, purely by using advanced techniques. In that case, I think it is genuinely to make good capital by investing in seed (see what I did there?)

Hi @Account Closed, I believe you may be referring to Collateral?  I am not certain whether or not you can use your home as collateral for the mortgage on the same home. I do not believe many banks will allow you to do this, hopefully another, more experience member of Biggerpockets can weigh in!

Hi @Account Closed, what suburb are you investing in? I am not sure about New York, but I am sure you will want to narrow your search area! You may want to try a service like allpropertymanagement or some other aggregator/search engine for PM companies. 

I would view them very suspiciously, I haven't found anything to their name in the local business registry, I hope this message isn't too late to help you!

Is there any benefit to trying to leverage banks against each other for more competitive interest rates? What of local credit unions? Or are the interest rates, in general set by policy?

I am renting. It would seem that Renting is a polarizing issue among Real Estate investors. Being new at this, and working towards selling mobile homes, preferably in a mobile home park, I do plan to move into the park itself in a quality unit of my own. What do you think of renting while building up to your first investment? Do you think your first investment should be a house of your own? Do Flippers rent? I feel as though, given time, seed capital could be raised more quickly for the park if I was to buy a small home of my own for the interim. 

I only have a small amount of seed capital available, what are some ways to ensure that the money isn't spent frivolously on business costs that really aren't necessary during the initial stages? What are some common unnecessary purchases first time investors find themselves making that veteran investors would likely advise against?

What is a good starting size for a mobile home park? How many acres is fine initially, how large is large? Future growth potential? Are there any state size restrictions that need to be considered?

I have an associate who is currently building a subdivision in Samoa, but he has been having issues bringing services into the development. He seems to be under the assumption that it would cost 12k per lot just for bringing in Power, Water and a concrete pad. I was under the assumption that with labor and materials as affordable over there as they are, that it could be done more affordably. For those of you who have developed subdivisions internationally, what was the cost per lot that you incurred while applying services?

I find this idea very intriguing! Setting up a factory for manufactured housing in developing countries. After having travelled around the South Pacific and the Caribbean for a few years, I can see a definite market for affordable, portable, high quality housing in these countries. What would be involved in making this happen?