All Forum Posts by: Mehul Mehta
Mehul Mehta has started 3 posts and replied 17 times.
Post: Land Buying Idea
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Quote from @Bob S.:
Quote from @Mehul Mehta:
As it was in auction, wanted to buy it. But got to know that if oil is found then land can be taken away.
WTH you talking about, ok this post it ridiculous.
Post: Land Buying Idea
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Quote from @Bob S.:
Quote from @Mehul Mehta:
Dear team
Looking to buy the 5861 N Ridge Rd W, Ashtabula, OH 44004Which things to keep in mind while buying Land>
1ST OFF WHY? What are your plans with it ?
As the parcel came in auction and price was reduced from 100K to around 50K
Post: Land Buying Idea
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Quote from @Kristine Ann:
Overall for land purchases, you'll want to make sure it's not wetlands and it's not landlocked. You can never alter or build on wetlands nor use the land for anything other than recreation. If it's landlocked you may think you will eventually be able to get access through a friendly neighbor, but no, that's not ever the case.
Other than that, there may or may not be a water main, sewer hookup, or electric at the site. Might need a septic tank and leech field put in if you are building. All those would be costs, if they are even possible and approved. It's never guaranteed that the local government will approve anything done on the property. Taxes are an issue as well. Even undeveloped land will have annual property and school taxes.
I didn't look at that specific address, but overall those are some of the things to look out for
Thanks a lot for the guidance. Reserved the land but then now knowing what to do, gave away the option on 1st
Post: Land Buying Idea
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
As it was in auction, wanted to buy it. But got to know that if oil is found then land can be taken away.
Post: Land Buying Idea
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Dear team
Looking to buy the 5861 N Ridge Rd W, Ashtabula, OH 44004Which things to keep in mind while buying Land>
Post: Terminate contract with property management
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Quote from @Anna L.:
I am using the Adv****** PM company and not happy with them.
You may need to search and find good PM company.
I found one general contractor recently, you may interview with him if you want.
Hey Anna, I am in the same situation. It will be good to connect.
Post: Property manager referral
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Quote from @Terez Jones:
Hey Chris...
Many investors in the area find it super helpful to partner with local experts that can be their eyes and ears. I would be happy to assist and connect with you!
I would love to know more
Post: Property manager referral
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Quote from @Haider Tiwana:
Hi Chris,
A good PM will be highly communicative as well as offer some insights into how successful they've been in collecting rent, maintaining occupancy, and keeping vendor bills under budget.
Happy to share more info on the company I have in mind.
Post: Funding for an vacant investment property?
- Investor
- Dubai, UAE
- Posts 17
- Votes 6
Form a partnership with an investor :), Use credit card, use line of credit etc etc.
Your availability of finance is limited by your creative thoughts :)