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All Forum Posts by: Sean Ross

Sean Ross has started 1 posts and replied 132 times.

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!

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.

Post: Who pays the utilities?

Sean RossPosted
  • Posts 137
  • Votes 115

Varies, if it is simple to meter out to a tenant and there are no shard spaces, it is best for the tenant to

Yea those are not "reasonable" costs for something 500sqft. Especially for someone from Mn with the hundreds of cabin companies around 

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! 

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

Post: Due Dillegence How to

Sean RossPosted
  • Posts 137
  • Votes 115

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. 

craigslist

take a marketing class? 40 days. >< 

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.

Suppose you could put it behind a barrier parking gate with a cc on that