All Forum Posts by: Dustin Mathenia

@Monroe M.

I'm sure you could buy 30k homes in Montgomery Alabama . I know I bought 1 I dont suggest it lol

@Nick Bolding

Listen to the pod cast episode 301 might help.

@Jack Tinker

Hey BP.

I just thought I'd put in my 2 cents since I have actually done this. Where I live there are a lot of mobile home parks with very good cash flowing opportunities. I bought my first one this year paid 40k cash for it. The home was remodeled but I did replace the kitchen just because I own a cabinet business so why not so I have about 45k into it after the

Hvac went out twice but it is a very clean park in a nice city with the best school districts and where houses start at 300k so I was able to rent it for 1450 a month the lot rent and water/trash is 578 so I'm cash flowing a little more than 800 a month. I thought it was a crazy good deal to find a 2% deal but now looking around at other parks looks like if I bought one that needs work I could easily get 3% maybe even 4% but yes a few parks do not want renters including the one I'm in but they allowed it after making friends with the managers. I will do more but there is little to no chance of appreciation but there are a lot of perks on site management no property tax etc.

I'm looking for a good credit card to use on my next flip I will be spending 40k at least half on material. I assume there is a way to get 20k points or miles ? I've always been very anti credit card after watching my parents rack up 40 cards and who knows how much debt. I know there is a way to use them to benefit myself especially since I'll have all the cash to pay it off immediately. Any suggestions or pro/cons stories would be greatly appreciated.

@Clifford Paul the guys name is Tanner and I've been told someone else closed on it but that was after I called the dude a scammer so idk.

7135 hedge dr Dallas 75249

Also I would like to buy the house still for the right price so if anyone could get the owners phone number and send it to me that would be awesome. Or I guess you could just take the deal and wholesell it to me but please don't lol

@ Jay hinrichs 

I did that Jay found the guys name says T Porter no phone number or other address just a name not even the full name .

I don't think I would ever close without using a title company or at least a experienced real estate attorney but I would like to find out who owns the house and find a way to warn anyone else dumb enough to fall for this deal.

@Jay Hinrichs

That sounds awesome the property is in Dallas do most title companies do that ?that would be very helpful info to have