All Forum Posts by: Autumn Rankin

I took it in May of 2019- WORTH IT!!!! Plus they say you can attend another bootcamp at any time for FREE.  They arent trying to upsell which is so awesome. just listening to the podcasts are nothing compared to the depth of this education. I purchased my 1st park in less than 2 months from that camp, and the 2nd was only 6 month later. Im under contract now for #3 and I STILL use the books provided for guidance all the time. 

Frank Rolfe is legit THE man to go to 

Thank you Mr.Rolfe!! I took your class 1 year ago. Already own 2 parks and about to have 2 more. 

I have a Park for sale. I have put it on Facebook groups and Craigslist but not really sure where else to go. I talked to 1 broker and he seemed interested but then ignored me.

Where would I advertise???

@Jessica Gilbert hey!! I’m in tuscola. Message me! Let’s get together

@Marian Smith what does Abilene have to do with Midland market?? 

Abilene rents are not going down. I just had a turn over and increased it to $750 and had 25 inquiries. Abilene market is nothing at all like midland. Midland is oil based. Abilene is government, colleges and pipeline 

@Charlene Stovin HI!! I live in Abilene, I do invest here.  There are several property management companies listed that I do NOT recommend. I see first hand that tenants make requests for repairs and they are ignored, some companies you know they just have trashy homes.

Go and google their names before using them. The reviews are shocking, and some are actually true

@Tigran Kalaydzhyan I know of a couple turn key properties in Abilene that havent even come on the market yet. The owner and I were just talking about them yesterday!

@Account Closed  Hmmmmm Looks like people need a phenomenal property manager!! 

Hey Clint!! The "population" of a small town is not at all like a city, most of the population lives out in the country. This small town is home to the Jim Ned School District. The #1 desired district in the county. 

This small town has an abundance of opportunity for flippers and buy & hold. I got this house for $35,000- 

The school district stretches for MILES......... Thats what you need to look at for desirable area

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $80,000
Cash invested: $30,000

Purchased this 8 lot + 8 home park in November 2019 for $80,000
2 trailers were junk so I called the local religious cult and they are taking them for me (saving me $$$)
Cleaning them up 1 by 1.
will rent them out for $850-$1000/ home.
The purchase price was $80,000- I paid $30,000 to the seller (by flipping 2 mobile home lots in town and profiting $14,000)- I assumed to note that was held by another individual. ($50,000 @ 8%)

No pics cause BP website wont upload or save it :(

What made you interested in investing in this type of deal?

I already own a park, this was a value add park

How did you find this deal and how did you negotiate it?

I found a strange listing on Zillow, the asking price was $149,000
I went and looked at it, the owner wasnt really interested in responding to me. So I facebook stalked her a bit and realized we went to the same church, I joined her bible class :) got to talk to her more, invited her to lunch.
Got the whole terrible story about the stabbing and shootings there.
Found out she owed $50,000 on it to a private note holder.
I waited 5 months but called her frequently to inquire.

How did you finance this deal?

I needed to pay her $30,000 cash
Rolled $14,000 from a land flip
used 0% interest credit card balance transfer for $15,000
Assumed the loan for $50,000

How did you add value to the deal?

I am currently cleaning up the land and trailers 1 by 1, meeting with City Code enforcer to see what he would like me to fix to get on their good side

What was the outcome?

we will see. follow my story on @queendoublewide on Instagram

Lessons learned? Challenges?

you can always be creative :)