All Forum Posts by: Sean Ross
Sean Ross has started 1 posts and replied 132 times.
Post: Cash Out and Refinance Lenders?

- Posts 137
- Votes 115
Expect a bit higher rates than your 4%; Rates will continue to increase for the short term. Plenty of cash value from appreciation over the past two years.
Rates will vary on what type of loan you look for and requirements. Get your documents ready and shop around!
Post: Halfway House Duplex Investment: Risk vs Reward?

- Posts 137
- Votes 115
Yes that is a great business. Check where the funds initially come from ; I assume the GSA pays the LLC or subsidize some of the payment. There might be a ceiling this business model can run.
Varies, if it is simple to meter out to a tenant and there are no shard spaces, it is best for the tenant to
Post: Full package ADU's available in Minnesota

- Posts 137
- Votes 115
Yea those are not "reasonable" costs for something 500sqft. Especially for someone from Mn with the hundreds of cabin companies around
Post: How to fund a great deal without income verification

- Posts 137
- Votes 115
To build 1 ADU , what sort of cost are you looking at ? Just materials ? You could probably get 0% on a credit card for a year and pay that off with your projections.
Message me on my website if you want to try applying to ulterior loans type and dont like my cc idea!
Post: Help with finding resources for starting an RV Park

- Posts 137
- Votes 115
First start with your zoning laws.
Go talk to the town and see if it is something they would be open to letting you do.
After you need power, water, sewer etc.
Reach out if you have any questions
What are you referring to by infrastructure costs. You want to buy a mobile home park sight unseen ? I would advise against that unless the pictures are great and looks like a resort.
Shoot me an email - and I can give you some recommendations on what to put in contract and what to look for. You could pay a mobile home installer to take a look at the park for you for certain things.
Post: How to advertise rental unit in NYC

- Posts 137
- Votes 115
craigslist
take a marketing class? 40 days. ><
Post: Refinancing apartment complex (10-20unit)

- Posts 137
- Votes 115
Yea, It is fine to ask current lender. It won't make him accelerate or demand repayment immediately if that is what you are thinking. However see what terms you have, perhaps you have to pay a point if you do it this early.
Happy to give you some quotes down the line if you want.
Post: RV dump station with a credit card reader?

- Posts 137
- Votes 115
Suppose you could put it behind a barrier parking gate with a cc on that