All Forum Posts by: NA NA

@Dan Gomez

Great idea with the test ad! The thing that stuck out to me was the Walmart nearby, even though it’s rural. This is usually a good sign.

@Jack Martin

Thank you so much for the response. This is an awesome, In-depth answer I was looking for!

My wife and I make a combined household income of approximately $400,000 from our 9-5 jobs.

I understand that certain tax benefits are eliminated or reduced after you cross higher ordinary income levels related to real estate.

What are some things to consider before getting in to real estate to take advantage of this?

Would putting the real estate in LLCs help?

Married filing separate with my lower earning spouse?

What are some strategies I should consider?

Thanks for all your help!

I need help with a first time mobile home park purchase. The deal in question is as follows:

http://www.loopnet.com/Listing/17416660

Some further details

7 tenant owned homes at $150 a month

1 at $200 a month

5 park owned homes

2 have been remodeled with tenants paying $550 each

3 vacant, said “need some rehab”

19 total pads.

On city sewer and water ($6000 a year bill, $50 per 10 rented, covers water bill annually)

What do you guys think?