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Updated over 13 years ago on . Most recent reply

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12
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3
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Lee Pegram
  • Real Estate Investor
  • Asheville, NC
3
Votes |
12
Posts

I have come to a stand still with my mobile home investing

Lee Pegram
  • Real Estate Investor
  • Asheville, NC
Posted

I currently invest in Mobile Homes. I have 8 that I have purchased in a family park in the last 4 years. I don't think that is bad but I seem to be slowing down on my available funds. I have purchased 2 homes in the last 6 months and I have a 4 month old baby and new mortgage. The family park requires some more expensive homes. I pay and avg of $12-14K each. I have found a park or 2 to let me invest their but I find that adding an additional $2000 moving cost isn't great. I want to try and stay with mobiles homes because that is waht I know. Is there any other ideas that I may not be thinking about or should I sit tight until my cash flow builds back up my account? Any other ideas or thoughts would be great.

Thanks

Most Popular Reply

User Stats

340
Posts
249
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Chris C.
  • Wholesaler
  • Easley, SC
249
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340
Posts
Chris C.
  • Wholesaler
  • Easley, SC
Replied

I have picked up several private investors and now have enough coming in monthly to pretty quickly fund the next deal. Take this down time to start learning about private investors and start marketing toward them. Once you get over this hump you will be surprised how quickly things can start to roll.

@Annette, You probably already know this but advertising that you have some money to invest and not much knowledge will probably get you a lot of request over the next couple of days. Be very careful. Search out some trustworthy people on this site in Texas. This board has some great people and I am sure you wont have any trouble finding someone to help guide you.

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