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All Forum Posts by: Erin Spe

Erin Spe has started 0 posts and replied 4 times.

Post: Wholesaling Mobile Homes

Erin SpePosted
  • Posts 5
  • Votes 3

I disagree with some others here - I LOVE mobile home deals and will often send out mailers JUST to target mobile home lots.

You need to know the year of the mobile so you can assign a flat dollar amount value to it, then comp the land. For the 55+ aspect you need to know more info - any other stipulations to join, transfer fees, application fees, etc etc.

Happy to help if you want to send me a dm.

Post: Advice on where to start

Erin SpePosted
  • Posts 5
  • Votes 3

Congrats on your graduation and your solid foundation in finance! If I were in your shoes, here's what I would do: Start by securing a work-from-home job. This will give you the financial stability and flexibility to focus on real estate. Immerse yourself in learning about land investing. Begin with smaller flips, using other investors as your bank, which will minimize your risk. As you build experience and capital, you can start funding your own deals and scaling up to larger flips. After you build your nest egg from land investments, you can explore other real estate opportunities like housing. This steady approach will help you grow sustainably in today’s economy. Good luck!

Welcome! You're on the right track by joining BiggerPockets. It’s a great community for free info. Feel free to reach out if you need any help!

Post: beginner mistakes to avoid

Erin SpePosted
  • Posts 5
  • Votes 3

This may seem obvious, but ANALYSIS PARALYSIS.

This is the #1 issue I see in new investors. Action is better than no action. Spend time and be strategic - but also make sure you're moving forward and not getting hung up on things.