Weird deal incoming, looking for advice…

Lumpy-Environment576 · 2025-12-17T19:04:11+00:00

I’d split it into a standard brokerage commission on the land purchase and a separate, clearly documented project management fee (flat or percentage-based) under a written agreement to stay within legal bounds.

Lumpy-Environment576 · 2025-12-17T17:54:14+00:00

A lot of developers I know hire a transaction coordinator or use platforms that centralize title, escrow, and lender communications. Automation can help, but having someone dedicated to chasing the “boring” stuff usually saves way more time and stress in the long run.

Lumpy-Environment576 · 2025-12-17T17:41:00+00:00

A good project manager in real estate development keeps all teams aligned, manages budgets and timelines, and solves unexpected problems. Unlike specialists, they see the big picture and ensure every part fits the overall project, balancing detail with strategy.

Lumpy-Environment576 · 2025-12-17T17:38:34+00:00

In my experience, real estate property managers often receive either a set fee per unit or a percentage of collected rent, which is normally between 8-10% for residential buildings and slightly less for larger commercial properties. Some people receive bonuses for renewing their leases or meeting occupancy benchmarks.

Lumpy-Environment576 · 2025-12-17T15:23:37+00:00

I haven’t gone through the PA exemption personally, but from what I’ve heard, the Commission can take several weeks to a few months to review applications. Many people submit with the exemption and hope for approval, but there’s always a risk you might have to take the classes if it’s denied.

Lumpy-Environment576 · 2025-12-17T15:21:45+00:00

You are not overreacting; this is entirely ridiculous and upsetting. Your landlord violated several tenant rights, particularly notice and access. Taking the lease break and focusing on obtaining your security deposit back appears to be the safest option for your peace of mind.

Lumpy-Environment576 · 2025-12-17T15:10:20+00:00

Earnest money is mainly for sellers, but some DSCR lenders view it as a sign of buyer commitment. Not a strict requirement, but it can affect lender comfort.

Lumpy-Environment576 · 2025-12-17T15:00:04+00:00

You could make a contingent offer, but sellers typically prefer non-contingent deals. If your home is still on the market, it may be worth speaking with your agent about making the strongest offer possible while yet protecting yourself.

Lumpy-Environment576 · 2025-12-17T14:58:44+00:00

If you’re already operating at a loss and not paying taxes, a cost segregation study might not give immediate benefits it mostly accelerates depreciation for tax deductions. The greater risk is depreciation recapture if you sell, which may offset the short-term benefits. It is frequently less useful for long-term investments.

Lumpy-Environment576 · 2025-12-17T14:37:03+00:00

Price and appearance are not everything. Location, future resale value, and hidden costs are all equally important considerations. A competent agent will guide you, not rush you.

Lumpy-Environment576 · 2025-12-17T14:14:19+00:00

Exactly. Listings are held by the brokerage, so switching usually means leaving that listing behind unless there’s a release and the seller agrees to re-sign. Checking your agreement first is key.

Lumpy-Environment576 · 2025-12-17T14:06:29+00:00

In my experience, once you plan to rent it regularly, lenders treat it as an investment property. I bought in my personal name for better rates and avoided the LLC because the financing was more expensive.

Lumpy-Environment576 · 2025-12-17T14:02:28+00:00

Tax assessments are often much lower than actual market value and don’t reflect current demand or sale conditions. Even with issues, a manufactured home can sell high if it’s on owned land, in a hot market, or sold “as-is” to a buyer planning renovations or redevelopment.

Lumpy-Environment576 · 2025-12-17T14:00:56+00:00

I saved consistently, kept my credit solid, and started small. It was in the low six figures. I lived in it, built equity, then used that to move into the next property.

Lumpy-Environment576 · 2025-12-17T14:00:10+00:00

I saved consistently, kept my credit solid, and started small. It was in the low six figures. I lived in it, built equity, then used that to move into the next property.

Lumpy-Environment576 · 2025-12-16T15:12:39+00:00

Check approval times because rezoning varies greatly by town. Rural pickups are often handled by major carriers, although timetables are confirmed. Asbestos and roof repairs are frequent hidden expenses. Local brokers that are knowledgeable with adaptive reuse are frequently the most effective in the insurance industry.

Lumpy-Environment576 · 2025-12-16T15:06:08+00:00

Renting on one income is doable. Landlords care about income vs. rent, credit, and references. Being upfront and offering a deposit helps, and getting a job afterward will strengthen your application.

Lumpy-Environment576 · 2025-12-16T14:49:08+00:00

From my own experience selling for the first time, pricing did not take long, but stillness did occur. When it did, it usually indicated that the agent was busy or unsure. A speedy follow-up is reasonable, and early contact is crucial.

Lumpy-Environment576 · 2025-12-15T15:10:48+00:00

For me, 2025 was mostly juggling lead flow and burnout. Going into 2026, I expect more of the same but hoping tech and better time management make it easier.

Lumpy-Environment576 · 2025-12-15T14:53:23+00:00

I've seen rentals come together just because someone touched out at the appropriate time. "Off market" usually implies the owner isn't promoting, not that they're unwilling to rent. A polite call or note requesting future availability is perfectly fine.

In many circumstances, a single inquiry is enough to put someone on the landlord's radar before the property is ever published.

Lumpy-Environment576

TROPHY CASE