All Forum Posts by: Young Fenton

I appreciate your help, Thanks Jon!

Hi,

We sold the commercial building and paid off the bank loan, plus personal money to close the deal.

1). Is this company expense?

2). How do we show bank loan pay off and our personal money?

Thank you for your help!

Hi Everyone -

Thank you very much for your help and advice!!

I don't think I will do this at this time. I need more study before I jumping in. I watched YouTube to learn but not enough. One of my favorite video was @Rachel H. ... well done!

This is a good group to belong to and I appreciate it.

Thank you, I appreciate it!!

Thanks @Bill Exeter ! Can I buy MHP as a joint venture with another partner?

@Aaron Mazzrillo , thank you for quick reply!

Hi!

I am selling land/lot at $197, 500 within 60 days. Someone told me that Mobile home park is good profit with low investment. I am new to MHP investing. I have to make decision before I close my deal for 1031 exchange, if I can.

1) Is this a good investment?

2) Can I do 1031 exchange to buy MHP?

3) If I can, I still have to get a loan of about $93K to match 1031.

4) If I buy HMP at $197,500, what does the cash flow look like?

Thank you for your help!