All Forum Posts by: Drew Cobb

 I realize. However I have a situation with my loan and I'm going from having a $700 per month positive to a $300 monthly negative. Tho my tenants are willing to renegotiate to stay. My prop 13 tax base is ridiculous…

Problem is I haven't showed any income in the past couple years so even tho I have assets , they won't refinance. 

Hey guys, appreciate all the input. I have to get ready to fly to Atlanta early in the AM, but I'll have my laptop and some time to respond more thoroughly once I get there.

But, the reason for those 3 diverse markets: My partner, who also is a property manager is in Southfeild, and manages and owns several hundred SFD's so Michigan makes probably the most sense. But a side note, we're both kinda over the hassles that come with Detroit real estate from top to bottom. LA, because I'm out here and I'm lead on this project, and Charlotte/Raleigh because I have brother who would be our potential manger who lives out there, and if it made financial sense. And if it is somewhere else I want it to be a place I like visiting. But that's the least priority on the list.  :)

Hi Everyone! 

I'm researching where would be a good market for investing in a mid level ($1M to 1.5M) multi unit for the best return rates and stability. Ideally somewhere near Detroit, Los Angeles, or Charlotte NC, but I'm open to all suggestions and why.  LA is ridiculous right now and I'm 1031-ing money from an LA based property for this purchase. I've heard the "research triangle in NC is a good area?

We're also open to MHP's in this price range too, but from what I know loans are harder to get. We'll have approx $300K for a down.

Hey Lee, glad to see you putting this out there! I've been busy figuring out what to do with my condo in Hollywood and am currently here editing a second version of a video I shot. I've also been traveling with the drone cinematography and going to Atlanta next week on a week long job. 

I produce  virtual tours, lifestyle videos if anyone is interested. I'm working on a  scripted version for example.

https://vimeo.com/146190337

 I am curious as to your project and would love to keep up on what you find. I have been looking at it out here in Cali...

I have explored the concept somewhat. They can be either. Zoning a new MHP can be tricky as residents don't like them since they are thought of as something that brings downs their values.  Also, those tiny houses are MUCH more expensive then mobile homes, which I don't get...