My Trailer Park Just Made $19,372.09
Published: 2022-05-07
Status:
Available
|
Analyzed
Published: 2022-05-07
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker predicts a selling price of $120,000 to $130,000 for a house that was purchased for $13,500.
"I think I'll probably get 120 maybe 130 off of it."
Pending
The speaker states a previous house flip, similar in size to the current one but with a basement, sold for $70,000. This house was purchased for $13,000.
"I sold it for 70 000."
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The speaker anticipates selling the current property for $120,000 to $125,000.
"Probably 120 125"
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The speaker claims that the price of houses in the area has increased twelvefold between the purchase of the current house and the house next door.
"we've uh like 12xed the price of these houses"
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A house in worse condition than the one being shown sold for $110,000.
"we just had a house sale down the street in worse shape than this for a hundred and ten"
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The speaker is considering renting a property for $900/month with a $400 mortgage, projecting a $500/month profit.
"do I rent it for 900 bucks a month with the current market or do I sell it at 900 bucks a month with a 400 mortgage costs on it"
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The speaker estimates a profit of $50,000 from selling a property.
"I can sell it and I can make 50 grand off of it"
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A previously viewed rental property is generating $1,200 per month in rent.
"I get 1200 bucks a month off of that last house"
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Luxury Vinyl Tile (LVT) is predicted to be a superior and more cost-effective flooring material compared to laminate.
"we're finding out that the lvt is a much superior product for less money"
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Vandalism in an alleyway is slowly decreasing but requires significant investment to resolve.
"it's getting better and these problems are very slowly disappearing but it takes a lot of money to fix this problem"
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The speaker is increasing the rehab budget for a property from $5,000-$6,000 to $20,000.
"we went from a five thousand dollar rehab five or six thousand dollar rehab we're gonna do a 20 000 rehab"
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The speaker suggests a potential sale price of $77,500 after a $20,000 rehab, attributing this to an 'intel chip plant'.
"we're gonna go up to seven 750 with the intel chip plant"
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A $20,000 investment in rehab is expected to generate an additional $350 per month in rental income.
"we're going to make another 350 per month"
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The speaker projects an additional $4,500 per year in income from a house following a $20,000 investment.
"we're going to make probably another 4 500 bucks a year off of this house"
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The speaker predicts that rental prices in the area will continue to increase as properties are redeveloped.
"our rents are going to continue to go up"
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The trailer park generated over $18,000 in revenue in the current month.
"we've pulled in over eighteen thousand dollars this month"
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The trailer park is now completing the rehabilitation of two to three trailers per month.
"we're turning over two or three trailers full rehab a month now"
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Plans are being made to add more parking spaces at the trailer park.
"we're looking at putting in more parking"
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The speaker is obtaining quotes for the cost of building garages for the trailer units.
"i'm trying to get a quote on how much a garages will cost for these units"
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The speaker suggests that housing could potentially be built for as low as $30 per square foot.
"you might be able to build housing for like 30 bucks a square feet"
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A two-bedroom unit in the trailer park is expected to rent for approximately $600 to $650 per month.
"it'll rent for probably six six fifty a month"
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The prices of trailers in the park are increasing due to inflation and other market factors.
"a lot of these trailers are going up in price"
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Rental prices at the trailer park are increasing.
"the rents are going up more"
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The trailer park is completing the rehabilitation of two to three trailers per month.
"we're getting two or three trailers knocked out a month"
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The quality of residents in the trailer park is improving, leading to a more communal and watchful environment.
"we're getting a lot of good people a lot of better people in the trailer park that are kind of watching out for each other"
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Significant progress is being made in improving the trailer park.
"we're making really good progress at the trailer park"
Pending