Updated about 2 years ago on . Most recent reply
NEWB with unique real estate options.
I have been binge listening and watching everything bigger pockets for the last three months and have decided 2024 was the year I'd make the plunge into real estate. I've started networking with people I honestly believe will be a great help to me in my endeavors.
So to the uniqueness, my father in-law is blind his brother is also blind and they're both seniors. On January 25, 2024 my "uncle in-law" had a house fire and almost died, thank goodness for his house mate. Now he's living across the street with my father in-law which causes turmoil. I've been learning about government subsidies for disabled people and seniors. I'm wondering if I purchase the uncle's single wide trailer, rehab it, move him back in, if there is some sort of government assistance I could receive. The "owner" of the trailer was receiving something from Mideast Regional Acceptance (MRA) prior to the fire. MRA is like Section 8 for rural homes in my area. The value of the trailer is so low and the title is lost that no one wants to deal with it, everyone is worried how much it will take to demolish and remove.
My background plays a role in my situation, I've been in construction for twenty years and know I can fix this house for little cost (5-7K). If this is something that does work I'd like to do something similar for my father in-law. He owns his property out right but it is in need of repair. I'd like to rehab his and keep him as a tenant.
I purchased PRO as a commitment to my future in real estate. I'm not looking to get rich but would like to profit from helping others as it's something I cannot help myself from doing.