And if you know anyone in the town hall, building inspector, water dept etc, my phone is ringing and I'm getting E-mails, the hard part is tracking down the owner!!

For active flippers or buy-and-hold investors — when time kills deals, do you prioritize speed of funding or interest rate more?
I’ve seen both sides: some investors go for quick closes, others want lower cost money....

I’m considering a 1031 exchange and would like feedback from investors who have experience with mobile home parks, particularly smaller, park-owned operations.Current Property (Selling):Duplex purchased in 2021 for approximately $145,000; estimated current value around $210,000\Loan balance: about $90,000Gross rent: $2,400 per monthNOI: approximately $16,000–$18,000 annuallyCash flow after mortgage: around $750–800 per monthLow management requirements and stable tenantsReplacement Property (Under Consideration):Seven-unit mobile home parkAsking price: $395,000Rent: $750 per unit plus $40 for water (total $5,530 per month; $66,360 annually)100% occupied with long-term tenants, several in place four to five yearsAll homes are park-owned, purchased between 2016–2018 with metal roofs and Hardie sidingOwner pays water and sewer (aerobic septic); tenants pay electric and trashMaintenance handled by one individual for $400 per month using personal equipmentGravel road, well maintained; potential to add one or two additional homesMy Pro Forma:Vacancy: 5%Expenses: approximately 40% of effective gross income (includes water, insurance, taxes, maintenance, mowing, etc.)Estimated NOI: $37,800Financing assumption: $255,000 loan at 8% interest, 25-year termAnnual debt service: approximately $23,574Projected cash flow: about $14,250 annually ($1,188 per month)Cap rate: approximately 9.6%Cash-on-cash return: around 10% on $140,000 downDSCR: 1.6 (strong coverage)If the price can be negotiated to the $360,000–$370,000 range, the cash-on-cash return improves to roughly 11–12%.Pros:Consistent, well-maintained units with matching exteriors.

I have it listed at 1300/ month with water included.

Even if bought below market value, one major capital expense—like a roof or water service line—can erase all perceived equity.

Just looking to see what’s everyone’s thoughts about investing in newark nj long term in the ghetto (C-D class ) .. the market is crazy hot right now in this area.

I’d be careful with some of the advice floating around out there.Sending out texts or cold calling the wrong person can land you in hot water.

Last year I had a $2k water bill that was our fault that we rightfully covered even though tenant pays their water use.  

As the tenant moved in the first week like 5 things pop up ( leaks/ Water heater not working and several other small things) the total was 800$ i found a local guy to repair them but his labor plus trip charges and parts are racking up, and hes cutting us a deal because his per trip charge is $125 Range.

Hey BP,I’m reviewing an infill lot in the Spartanburg SC area and wanted some local insight from builders or investors active in the Upstate.Basic details:• Sierra Rd area• ~7,350 sq ft• Public water/sewer at street• No HOA• Several new builds nearby in the $260k–$265k range• Needs clearing/gradingI posted the full breakdown in a Classifieds listing per BP rules, but I’d love to hear from anyone familiar with recent new-build activity in this pocket or who has experience building in this part of Spartanburg.Thanks for any feedback.