All Forum Posts by: Brandon Bayles

I recently purchased three homes on the same street that have seasoned tenants. 3, 6, and 8 years. Current month to month. I used hard money to purchase through a wholesaler and over paid for sure. I have about 80k of capital in the homes already. Originally I wanted to BRRRR but wondering if it's possible or wise to keep current tenants and remodel while they are still paying rent. Keeps costs down, I can't take extra time on remodeling because HM interest isn't killing me, and I have tenants day 1 after rehab. Thoughts?

Maybe I’m being lazy and not wanting to go through hundreds of homes on Zillow. However, with the technology we have I just know there has to be a way that I’m not aware of to find comps for our of state homes. I live in Texas and need comps for Charlotte, but I do not know any realtors there. We are planning to buy three homes via seller finance close to Charlotte. Any tech out there to help?

@Miriam Seidel that is what I will do exactly. Thank you ma'am!

@Rachel H. That is a great idea that never crossed my mind. I sure appreciate your reply!

I am having trouble finding any lenders who will do a refi or a term/rate on a mobile home I purchased and placed on the land? I really would prefer to grab my cash out which is less then 75% of ARV than doing owner finance. Are there lenders that offer such products on mobile homes or is my only option to do a owner finance? I am a new investor and somebody convinced me this was a good deal. Come to find out FHA won't finance a mobile home that has been moved >2 times which this one has.