All Forum Posts by: Jeff L.

Dear all, I would like to have the advice on a deal I came cross. it's a manufactured homes on permanent concrete foundation (for all exterior walls siting on concrete foundation), the home also on rectangular ‘chassis’ (metal frame).  The home needs repairs, I wonder would how would this home value compares to the regular home? from the city record it pays land tax and improvement tax, meaning it's a real property.  can I use the regular home as comparable for a flip?   it also has the "affixation affidavit regarding manufactured home"

PROPERTY ASSESSMENT

LAND $39,448
IMPROVEMENTS $74,124
PERSONAL PROP $0
GROSS VALUE $93,572
EXEMPTIONS $7,000

I agree, first we need to find out where to invest and then look for a broker.

we are thinking to acquire a 30 or 50 units apartments in the near future, but every where is expensive and does not make sense, is Sacramento or Stockton having those with good cash flow? I don't want to go further than 2 hours from the Bay area.

That's right, get an enigineer inspection

Thanks Scott you are always helpful

good answer.

hi all, is anyone be able to explain the difference between rehab policy and vacancy insurance policy for flip?

Appreciate it.

What is the difference between the rehab policy and the
Vacancy policy? My farmers agent gave me
A very cheap vacant policy for $480 a year cover 190k

hi All, will the local banks lend money to an individual investor with no company? or do I have to have the LLC or corp in order for them to lend for flip?

Do I tell them that I am flipping properties and see if they have the programs for that?

Richard, I actually pull the permit myself and have the contractors to do the job. but city inspector will inspect everything we done anyway.