All Forum Posts by: Scott Johnson

@Alexander Felice so is the value of the property going up, or the value of the dollar going down? 😉 Lol

Yea, this is where my thoughts lie.  

Hey, Jack! If the Overton Group aren't able to do it, I'd recommend checking with Brian at Flagship Property Management :)

Hey, BP!

I'm looking to partner with some more writers who create their own real estate/financial based content so we can backlink each other's relevant posts, and possibly do some guest posting. I'm using some pre-written content from Carrot that I'm modifying, but I'm also developing my own unique content.

Let me know if anyone would like to connect! If there's already a FB group that does something similar, please let me know :) Thanks!

@Dave Mason, I'm looking to partner with writers for the purpose of backlinking. Please let me know if that's something you still are interested in doing. Thanks!

Thanks so much for your input, everyone! That really helped me out a lot! We decided on #3 and changed up the word positioning a little.

Just wanted to say that I found this post, went to https://biggerpockets.mysmartm... and my first screening is pending. REALLY enjoyed it, @Andrea Collatz! Simple and super easy to use. Reminds me of the software I used when I was a leasing agent. 

Did they actually tell you they'll only do the HELOC on the remaining equity? That's new to me.

Good afternoon, BP!

I hope you're awesome! We currently have a 4 lot trailer park under contract and are pursuing financing. We haven't had much luck thus far with the brokers we were speaking with.

Have you worked with any lenders that financed your parks here in NC? Any recommendations are greatly appreciated!

Hey, everyone!

Situation: 

• 15.9 Acres wooded land ($2.7K/acre) off of a country road that connects directly to a Bypass that was recently constructed. This road has rural homestead properties, wooded land and farm land down the entirety of it. It is surrounded by rural residential, wooded and farmland. It is 20 minutes drive to Greenville, NC and 14 minutes from Winterville, NC. There are three parcels: Two 2.87 acre lots (zoned Rural Homestead) and one 10.21 acre lot (zoned Residential Manufactured Homes). Perk test was performed back in 1985 and it was confirmed not to perk in a certain area, but owners aren't sure which. This was inherited and the family wants out of it.

My thoughts: 

• it seems like someone was looking to put a mobile home park on the 10 acres and sell off the other roadside plots as home lots, since zoning is in place. 

My questions: 

• What things can I do (at little to no cost) to investigate the highest and best use of this property?
• At what point should I be comfortable paying for specific tests (including perk and logging income analysis)?
• If it won't perk, are there other uses for it aside from hunting land?

Here's what I planned to do to figure out what this land can be used for:

• Contact the county to see their thoughts on whether the property will perk
  
• Have a perk test done
• Have the timber analyzed by a logger to delineate income (if log-able)
• Figure out (before logging) if it will still perk after it's logged
• Find a mini storage builder and work with them to see if it is suitable for one

Any thoughts are greatly appreciated. I'm still looking for my stride when it comes to figuring out the highest and best use of land.