All Forum Posts by: Chandler Diaz

@Thomas S. where do I get the notice? The sheriffs office?

@Ray Harrell yes. Plus he works a LOT. The previous owner gave me his mother’s number specifically because he works so many hours.

@Thomas S. He’s currently not on an agreement with me. The last lease was verbal. So can I do it faster with this in mind? I’ll get a notice ASAP.

Long story short:

I’m a newb who bought a home that had a tenant in it. Told him months ago I was buying the place, all was well, he has good credit and rental history. Now the guy isn’t paying, but I know he’s still there, as the property is right next to my family. Very confused on what to do. I was planning to move in the home in a month. I don’t want to chase him out right before I move in, as he could destroy the place. If he would pay just this one month, I’d be fine. Very confused what to do...

@Account Closed, I'm fine with putting 25% cash down. But I was wondering if all required you to have the mobile home on a permanent fixture. I would only have it temporarily and a permanent fixture wouldn't work for me 

I'm looking to finance a mobile home, but I'm under the impression that in order to get financing, I must have the home on a permanent fixture. My parent's have around 7 acres of land in the country and just bought some land beside them (practically extending their land by another 6-8 acres).

They have financed the land and do not own it outright, but there is already a mobile home on the land. Within the next year, the person in that mobile home will be leaving and taking their home. I was then going to purchase my own trailer and put it on that portion the old mobile home was on in the meantime of me going to college, instead of wasting money on rent in town (upwards of $800+ to live alone, and no, I cannot handle roommates). Even if I spend $35,000 for a home and it only sells for $25,000 once I finish college, that's money I'm getting back that I wouldn't if I paid rent to an apartment.

My question is, are there ways to get financing on a mobile home without it being on a permanent fixture? I'd like to have my payments as cheap as possible. If I were to do a standard mortgage loan on a cheap unit, it would cost me around $400 total per month for 15 years (I would pay it off quicker), but if I were to finance through a personal loan, it could be double that. Most personal loans don't extend past 6-8 years max.

Please help, thanks.

I am still unsure what to do :(

thank you for the input Fred I just don't want to get stuck in the cycle of things I guess 

@James HollandI am the exact same way I don't want to be a part of the rat race for the rest of my life. The job isn't something I would like by any means. It wouldn't be like torture but it would definitely just be a dull moment of my life but it would be nice to have $20000 in the bank. But in the meantime I know I won't be able to save much money at all which is bad because I want to do flips. I know that even though I will get a lot of experience from working with a broker that I will be new so I don't expect to make much for a while and I'm stuck on what to do 

hello bp, I really want to get into real estate investing. I would say that I know a decent bit from research but no street experience. I just finished my real estate licensing course.

I have been offered a job. It pays $26 an hour, so the average person would say it's a great opportunity. I would have to move 12 hours from home. The job is 8 hours a day, 7 days a week. It's a potential long term career, but obviously not something I would be interested in for good.

After expenses, I could save right at $20,000 in 6 months (I get a big tax deduction from moving, only 8 is taxed).

I want to do flips but I have no capital and definitely no credit. I know there's plenty of ways to do flips without much money (hard money lenders, personal lending, wholesaling) but I think having $20,000 in the bank would be a definite plus.

ALSO another note, I am young with no kids and no relationship. I am very close with my family and friends though.

Craziest thing is I just read rich dad poor dad and now I'm getting offered a job for $26 an hour. Do I take the job and give up 6 months of my life for $20000 or do I spend the next 6 months getting my license and work under a broker and try to get some deals going?