All Forum Posts by: Adrienne Wilkins

Hi Tony - did you ever close on a property or are you still looking? I’m interested in this program more so for access to the team and lower priced properties. I’m currently in the process of closing on a single family with a turnkey provider in Memphis and I’m looking to see how the MRER process compares to that. 

Originally posted by @Tony Hill:

Hello Everyone,

I have taken the online course and just as Glenn Verley stated it is great! You get access to the whole team...attorney, funding, broker, Project managers, General Contractor's..etc. I purchased my LLC, received funding, now working with the broker/realtor's office to find a property in Illinois. Things are tightening up a little right now, but there are still deals available depending on your cash and credit.

Jemal's team only works in Chicago, in which they have a great system. Mark the Funder will fund in all 50 states. 

@Ethan Bennett

I researched a lot of topics before I got started as well (not for years but for months), and here’s some very important things I had to consider to figure out which path to take:

- How much can I afford to spend?

- After I spend X$, will I be ok with what I have left (amount of cash left, monthly bill left, etc.)?

- What kind of returns do I want to see; Do I want higher monthly income or longer term equity?

- What’s in my local area, and can I afford what’s in my local area for secondary property?

- What strategies are currently being executed in my local area / in the area I’d like to invest in?

- How much time & energy is required to execute a given strategy well, and can I spare that time & energy right now?

Answering these questions helped me narrow down my realistic interests A LOT. I eliminated flips & short term rentals for the time being because my local area is expensive. House hacking wouldn’t work for my family at this point. I really liked the idea of mobile homes & mobile home park investing because of the low entry cost but there isn’t really a market for that in my area and what is here is very expensive. Most importantly I have a full time, busy job that I actually enjoy and don’t plan on leaving anytime soon. All that being said, I close on a turnkey, long term rental out of state this month, ~$350/month return.

@Michael Nguyen I recently went under contract with REI Nation (Memphis Invest) and my experience has been great so far. I visited the team in person in Memphis, and when I got an inspection on the property the inspector said that it was one of the best rehab properties he's inspected. I picked my own inspector just to make sure the assessment wouldn't be biased, and I attended the inspection in person. Their team handles all aspects of the transaction, the properties and the experience are quality. So far I'd highly recommend them.

I’ve also been in conversations with Memphis Turnkey Properties. They’re smaller than Memphis Invest and also have a lower price point.

@Rachel H. Thanks this is good advice!

Hello!

I’ve been doing a lot of research on the niche market of manufactured & mobile home investing and I’m interested in hearing about the experience of investors in the DC, Maryland, and Virginia (DMV) area.

This metropolitan area is a more expensive and a smaller market compared to hot spots like Texas, Florida, etc. I’m interested in learning more about the general approach of some DMV investors in the space:

- How much do you normally purchase a home for?

- Do you typically put a bit of sweat equity in before you sell, or are you able to sell quick without cosmetic upgrades? I’d assume buyers in this area would be more attracted to a home that has been updated, but I’d like to prove or disprove that assumption

- What’s your typical deal structure: cash sales or notes?

- Do you typically have to travel further to get better deals?

Hello!

I’ve been doing a lot of research on the niche market of manufactured & mobile home investing and I’m interested in hearing about the experience of investors in the DC, Maryland, and Virginia (DMV) area.

This metropolitan area is a more expensive and a smaller market compared to hot spots like Texas, Florida, etc. I’m interested in learning more about the general approach of some DMV investors in the space:

- How much do you normally purchase a home for?

- Do you typically put a bit of sweat equity in before you sell, or are you able to sell quick without cosmetic upgrades? I’d assume buyers in this area would be more attracted to a home that has been updated, but I’d like to prove or disprove that assumption

- What’s your typical deal structure: cash sales or notes?

- Do you typically have to travel further to get better deals?