Mobile Homes Are My Life- Things To Do Before You Start Investing

The single biggest mistake I made when I started investing was not getting my finances in order, I still had quite a few debts that needed my attention and I made the decision that I   could work more and over come all the debts I had accumulated, boy was that dumb decision, little did I know, all the time that I had to work to pay all the debts I had then, I added a couple of houses on top of those debts which required me to work that much more to keep up with mortgages and other debts, I thought I was buying houses to help with my time and financial freedom but I was killing myself trying to keep up with all the demands of running these rehabs and my w2 on a daily basis.

Rule #1- get your finances in order by paying off as much debt as possible 

rule #2- pay cash for the homes, I know this is not popular here, but if the homes are empty and you have a mortgage it can cause lots of financial problems that could cause you to quit this business.

rule #3- if you must borrow money, please do the math and make sure you can pay the bills associated with the house if its empty or if you are going through an eviction

rule #4- you never fail unless you quit, never give up