All Forum Posts by: Chris Risi

hey @Wade Joseph I admit I don't know a ton about mobile homes, but I think people like buying the land because in theory it is not a depreciating asset like the mobile home itself. This is just a guess, but maybe people don't do this as much because it takes 2+ years to get your original 10k investment back and the mobile home itself is declining in value, whereas that same 10k might be able to be used as a downpayment on a cashflowing home or condo. Thoughts?

So crazy you can buy properties for $28k. I live in LA so this is just mind boggling lol

Hey @Oluwatobi A. Which numbers are you most uncertain about? I know when Brandon does his webinars and uses the calculators, he personally likes to see $100-200 per unit of cash flow per month and at least a 12% Cash on Cash ROI (yours currently shows 12.31% with the numbers you put in)...Let me know, thanks!

Hey @Chase Whitney, which parts of the report are you most questioning? Or unsure about? I just took a look at it, maybe I can try to help :)

Hey @Tiffany B Alexander, have you looked into FHA loan programs? They can be pretty powerful...

Hey @Jeff Mueller Ive been loving these calculators. Probably analyzed 20 deals in the past week lol. Attach it and it sounds like @Brenden Mitchum will give it a look over. I'd like to see it too out of curiosity :)

Hey @Shannon Nacpil, I think Dan's advice is good with the HELOC (home equity line of credit). I partnered with someone once who was able to use his HELOC to buy the property for us. While I don't know a ton about HELOCs it's worth looking into!

Also, I think if you get good at learning how to evaluate deals (learn how to use the Bigger Pockets Investment Calculators), you can actually start to print and present these reports to potential friends or family who might have money to invest. Also, I think there are investors you can start to communicate with and potentially invest with on Bigger Pockets. Good luck!!

Hey Kyle, I think I will do similar on my next one, which I am starting in 2 weeks! I found one this time with good neighboring homes :)