All Forum Posts by: Chris Schuler

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Bump Jorge Borjas Jennifer Butler can you give us two good streets to consider for investments and two to be cautious of? My realtor has shown me a couple listings but pulling comps seems like an exercise in futility. Thanks in advance.

Watch "almost championship teams..." Kill me, Pete.

I had to come back and bump this thread after listening to episode 55. Jimmy Moncrief offers invaluable insider perspective of the financing aspect of REI. Great great episode that completely changed the way I will approach my lenders moving forward.

Welcome to the community, @Brian Eilering! From my limited experience, single family homes are easier to enter, manage, and sell in the event you need to get out of the property (function of more buyers.)  Many investors view them as a safer niche to master.

I have never personally invested in mobile homes, but have spoken at length to a friend that did: it's a different beast all together.  The biggest differentiating factor between mobile homes and SFHs is the challenge of collecting rent from so many units on a monthly basis.  This is compounded by the quality of renter that utilizes a mobile home as compared to that of a single family home.  That said, they can be cash flow monsters if managed properly.  My friend's parting words were that he had to, "get creative with enforcing rent collection."

Whichever road you pursue, you have a wealth of information here on the forums.  Speak with an investor-friendly realtor (many of them around BP) and get your financing in-line before you get too far in.  When a deal comes your way, you're going to have to move quickly on it.

Relevant, Dan M. , since we're talking about South Atlanta... http://www.ajc.com/news/crime--law/jailbreak-atlanta-inmates-escape-sneak-back/G17XWRFtFTXU20jYCE8XvN/

That would make sense, Michaela G. as I see homeless walking in and out of the vacant properties that aren't boarded up and metal reinforced.

Michaela G. I totally get it. I've been looking at a lot of properties in the South Atlanta neighborhood and see the boarded up vacant properties that "investors" are sitting on. The big culprit I see down there is VPS, Inc (Vacant Property Services I think.) Seems as though the strategy of some is to just buy at rock bottom, leave properties vacant, and pray that someone brings up the community for them. Contrast that with a "problem solving" approach investor that sees the opportunity to improve a community through updating comps, decreasing abandoned vacant properties, and still making profit (win win win.) There is still plenty of non-zero-sum scenarios down here, but I understand the negative perception; bad apples have spoiled the bushel.

I love that the first line in that listing is, "NO INVESTORS!" We truly are terrible people...