Hi from Southern California

[Mara Altman]

Hi BP community,

Mara Altman here from Southern California! I've been a full-time investor for three years now, working with everything from single family fix-and-flips to large scale buy and holds. My current investments of choice are hotel/motels and mobile home parks.

While not a newbie, I still refer to BP whenever I have a question I need answered. I usually read the threads that have already been posted, and it's clear to me that this is a community full of knowledgeable individuals.

I just signed up because, well, I decided it was time to stop lurking and finally become an active member of the BP community.

I hope I can be of as much assistance to members here as others have been to me.

Happy investing!

[Mara Altman]

@Account Closed , yes. The marketing strategies I use are valuable across the board. It's one of the best techniques out there for finding off market deals, no matter what your plans may be for the properties.

If you don't have much cash, I would focus on deals where the owner would finance the majority of your purchase price, and maybe look for a money partner for the down payment.

Starting out, you're going to have to be very reasonable and generous with the folks you work with in order for you to gain experience. The more money and experience you acquire, the more of the deal you can keep for yourself.

To see what I mean, take my deal for example- if I didn't have the money for the down payment on my MHP, I would've found someone who would have put up the down payment in exchange for part ownership- say 10% or maybe even more-and perhaps a small amount of interest. Every month they would be entitled to a distribution from the net profit equal to the percentage of their ownership, and I would have gotten into the park without a penny of my own money.

My value to the deal would have been the repositioning of the park from a mediocre asset to one that cash flows reliably and consistently, paperwork, evictions, and all other such clerical work.

Especially in the beginning of your investing career, you need to be prepared to work HARD.

Best of luck to you, Tinna!