All Forum Posts by: Garrett White

Regarding your question about renting to tenants vs selling the trailers, there's a couple things to consider. Renting the trailers will obviously bring in more gross income. On the flip side though, renting the trailers also means a significantly higher expense ratio from additional maintenance and will require more of your attention (or at least the attention of your PM). From my perspective, I would rather set the tenants up with a lease option and include in the contract that tenants are responsible for maintenance pertaining to the mobile home. It seems like the pride of ownership would produce a lot less headaches. Also, on the back of end, when a tenant owns the home, it makes it easier for you to increase lot rents because of the unfeasible costs of relocating. Increase the lot rent -> increase the value of the property, and the lot rent is what typically makes up the largest portion of what your property is worth.

Dave Visaya I will certainly do it!! Thank you!

Michael Sato I appreciate the warm welcome. I'm excited to have the opportunity to grow with y'all!

My name is Garrett White, and I'm a Nuclear I&E Specialist for Duke Energy and part time real estate investor. My investing career began at age 21 when I purchased my first duplex. Since then, I have bought another duplex, as well as two single families for a total of 6 units. 

Moving forward, I plan to use my credibility and knowledge from the smaller deals to transition into medium sized B/C class value-add multi family's. Therefore, I've invested a good bit of my time trying to learn the process of syndications and pooling money from private investors.

I've been super blessed to be surrounded by mentors that have helped cut my learning curve tremendously in the single family investing arena. However, I would love to find a mentor willing to take me under their wing and provide me with specialized knowledge regarding multifamily investing. I have a deep burning desire to learn everything necessary to be the best in my niche, regardless of the price. Therefore, I'd be glad to work for knowledge or possibly even pay for a mentorship if necessary. 

Regardless, I'm very excited to learn from you guys! I've been reading some of the forums and it's obvious there are a lot of sharp men and women on here!