All Forum Posts by: Alex Harris

Louisiana Mobile Home Park

Purchase Price around 230,000

5 units-3 bed/2 bath homes all park owned 

monthly rents of $4,000

decently kept up and renovated units with long term tenants

The numbers seem to be great compared to a fourplex. Would you try to sell the homes to the tenants? I believe rates in Louisiana tend to be too low, so landlords like to own the homes

Not looking for a glamorous answer, thank you for the input. Becoming an agent or analyst seems like the long track versus getting your hands dirty. What would you say is the best source for learning how to evaluate properties for cash flow purposes through rentals?

 Thanks for the reply, but I am wondering if it is possible to jump into a valuation path that would lead me to a successful full time rental career as soon as possible. What is the way to learn about valuation so that i can find a deal and get financing? as well as best ways to get financing? I am interested in multifamily housing. (sorry if this is very general)

As a college student graduating in a year with an engineering degree, I would rather start an empire in real estate rental properties. How could I make this a reality?