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All Forum Posts by: Tony Lake

Tony Lake has started 2 posts and replied 3 times.

General Landlording & Rental Properties

Post: Management Software / App

Tony LakePosted
  • Property Manager
  • Bowling Green, OH
  • Posts 3
  • Votes 0

My wife and I own an 11 pad mobile home park and have been manually managing it for about 18 months. We are looking to add a management software with app ability to help automate.

Any recommendations for good software options? Thanks in advance!

0 Votes
Rehabbing & House Flipping

Post: HELOC Question on an Undervalued Property

Tony LakePosted
  • Property Manager
  • Bowling Green, OH
  • Posts 3
  • Votes 0

Based on comps that a RE agent helped with, we would be purchasing our family homestead and I would probably be walking in with $50-75k in actual equity. The home is rural, so would need a septic upgrade and some cosmetic updates to make it fully functional. 

I also wanted to have the line of credit open to help fund a brrrr that my wife and I are currently watching for. We currently own a small MH park that cashflows a little.

0 Votes
Rehabbing & House Flipping

Post: HELOC Question on an Undervalued Property

Tony LakePosted
  • Property Manager
  • Bowling Green, OH
  • Posts 3
  • Votes 0

If I am purchasing an undervalued property, can I get an immediate HELOC after sale to finish some needed updates?

0 Votes