or hold for the cashflow..... rent out the unit that's already in place and develop a few more units on the property to increase property value. once property value is up, then sale. FYI Lots of hard labor involved lol

my goal is to have a 200 unit property all in one location within 6 to 7 years. It gets much more detailed but I won't go into that now. . Long story short I prefer the easiest and fastest route to get me there .

In my opinion I feel the easiest and fastest route For my situation Is buy of Market properties like this that do not need much work at all. Each time I sale I take the cash and buy a property that is a little more valuable

(I never pocket any of the money) . I know my market like the back of my hand when it comes to finding good off market deals, I'm very good at it 👌.

Back in April the property before this one I bought for 5k, turned around the same week and sold for 10k cash, used that 10k to buy this one for 10k . Very convenient already had it in the pipeline with 0 competition one bed one bath permanent structure Wrapped around a nice 5th wheel , huge covered porch And a total of half an acre (move in ready) aslo With utilities already in place on the empty lot next to it ready to bring in a new development. (Zero restrictions) in this area ,Lake Bob sandlin is with in walking distance.

A Partner came to me the other day & wanted to invest a little cash from there 401k. They gave me 5k, The deal is I will double their 5K on this deal but they have to keep everything in the pot to use on the next one . They can cash out at any time but if they cash out too soon (That's the last time they invest with me) 👍👌

took that 5k and bought up the lots next door to this one for $2,100, used 1,500 more of that to fix the place up a bit.

Now it's on the market to be sold through owner financing . Stick with me to see how I cash out of this & move on to the next one..

My cabin business (Graceland Cabins) in Gilmer Tx is doing fantastic! (All because of this strategy) ! Also i have a few rentals that Are currently producing positive cash flow👍 Salmataniously wholesaling a few off Market properties . I only wholesale the ones that do not quite fit my criterias

. My team at Wealth Ability is helping me get the ball rolling with my taxes so I can get larger loans To pursue bigger deals . Meanwhile I'm buying these cheaper properties , doing a few value adds and Reselling. Mostly using my creative strategy to sell and cash out.

for example: I will sale the property to a buyer on owner financing (buyer will definitely have a good track record ),then I take the note (Deed of trust & promissory note) I just created and sell it to a note buyer . I get more for the property, Benefit multiple people , Get to use the cash to move to my next deal . These lower end properties with mobile homes have some down side (only If you don't know what you're doing) ,this strategy elements that. Downsides of these properties: We all know banks don't typically like to finance the older mobile homes on land And let's face it (not a whole lot of people have 35K cash sitting in the bank to spend on a older mobile home with land And the ones that do don't exactly want to spend it to live in a older mobile home lol. Owner financing these properties opens up a whole new playing Field of buyers. That being said ...

( You have to be smart and finance to the right person that has a decent payment history, Otherwise trying to cash out of the note will be nearly impossible). Note buyers are buying the income stream not the property. Their goal is not to foreclose ,Their goals to buy a strong asset that Produces them monthly cash flow. If the buyer you choose has a crappie payment history then you just created a High risk "asset" That will most likely Become a liability in the future. Good luck trying to sell that lol.

Hope you guys enjoyed. I haven't posted in a while Wanted to come in and share what I've been up to.