All Forum Posts by: Igor Kalabukhov

Hello everybody,

I have an interesting opportunity on a property with a mobile home on it. I was wondering if there are certain nuances that there are in dealing with mobile homes. Something that I am unsure of is if I would have to buy the land seperately from the home itself.

How do I evaluate the value of the mobile home?

How do I find how long it will take to sell the property?

Things like this I am very unsure of and I thank you for any help with this situation. 

Alright, this is the situation.

I currently have a lead that is in desperate need to sell their property. It is a 6 acre property that has a manufactured house sitting on it. I am looking into strategies for this situation and wanted to look into the idea of selling the home and subdividing the land.

I am not entirely sure how the subdivision process goes so I am looking for explainations or resources on that, as well as how to analyze the potential profitability on subdiving. Meaning how do I calculate if there will be a profit from subdividing. 

I greatly appreciate all of your responses, and thank you in advance. 

Hello everybody,

Recently I have stumbled upon an oportunity to purchase a warehouse. While this is an interesting proposition I am not entirely sure what to look for in the warehouse business, thus I wanted your input of what to look for. I am aware of how to evaluate commercial properties, but then I wanted all of your input. 

There are advantages to wholesaling with a licence. The lisnece allows you to pull prefforeclosure and reo properties much faster since you have mls access, submitting offers yourself, and getting accurate comps. Another benefit is getting a list of cash buyers in the area in order to build your buyers. That's everything I can think of at the moment. Hope it helps.

If you are looking at different strategies other than driving for dollars, I would suggest doing some research into getting an absentee owners list, landlords going through evictions, people that are entering divorce, and people behind on taxes. After getting the list doing direct mail in order to help them solve their problems. I think the KEY to successful wholesaling is realizing that you are trying to solve people's property related issues in relation to their lives. 

Hope this gave you some avenues to look at. 

So, today I was conducting some primitive market research in order to narrow down my "farm" area. This brought up an interesting question.... how do I get a lot of information for a particular zip code that I am looking at, or even more importantly, a particular neighborhood that I want to evaluate the potential of. 

This question brought about an interesting find in a website called Neighborhoodscout.com. 

I wanted to put this out to see if anyone else has used this in the past, and potentially do not have a real estate agent that can whip them something up from the MLS (like me!)

Also, I've read some aspects that are needed to look at a certain market, but if anyone has any tips for this I am more than happy for accept new information!

As I see it, 10k is way too small for you to start off on your own. The deals that you will have to do will have to be either with a very trusting private lender, hard money lender, or partner. Thus to get this financing you will have to bring them an AMAZING deal. 

Also, as @Caleb Heimsoth mentioned, flipping takes a lot of time and great management to make a nice profit. Furthermore it is not exactly the cash flow method that you are looking for. If you are looking for something that will cash flow you would have to get more into the landlord side of real estate, but this would further narrow your financing options. You can also look into BRRRR.

Thanks so much. 

HEY!! CONGRATS!! How did you come by this deal? Also, this place looks really nice, well decorated, and secluded. I can see why this property could turn great profit.