All Forum Posts by: Jacob Flores

$260,000 Est. Payment $1,069/mo

• 3 beds
• 2 baths
• 5,664 sq ft
• 2.42 acres lot

Income producing properties on over 2.4 acres. Unit 1 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month; Unit 2 is a double wide, 4 bedroom, 2 bath, 1920 sf & rents for $1200. a month; Unit 3 is a single wide, 3 bedroom, 2 bath, 1330 sf & rents for $1000. a month; unit 4 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month . Each unit = an individual mobile home. Mobile home individual square footage per manufacturer. Total square footage per county Tax records. Most units updated and received newer flooring in 2018. Unit 2 and 3 received a new roof in 2018. Unit 2 received a new A/C in 2018. The double wide has central A/C plus an additional window unit which conveys with property. Two septic tanks on property & one water well.

Tenant pays for individual yard up keep, electric, internet & TV. Owner pays water, sewer & trash. Storage shed on property for maintenance items. Riding lawn mower conveys. 

The Tax office has the 2.4240 Acres At $624.96 The mobiles At $898.77

Thanks,

Jake Flores 

Good investment? Income producing properties on over 2.4 acres. Unit 1 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month; Unit 2 is a double wide, 4 bedroom, 2 bath, 1920 sf & rents for $1200. a month; Unit 3 is a single wide, 3 bedroom, 2 bath, 1330 sf & rents for $1000. a month; unit 4 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month . Each unit = an individual mobile home. Mobile home individual square footage per manufacturer. Total square footage per county Tax records. Most units updated and received newer flooring in 2018. Unit 2 and 3 received a new roof in 2018. Unit 2 received a new A/C in 2018. The double wide has central A/C plus an additional window unit which conveys with property. Two septic tanks on property & one water well. Tenant pays for individual yard up keep, electric, internet & TV. Owner pays water, sewer & trash. Storage shed on property for maintenance.

@Philip Mccleary Thanks, I have not purchased my first rental property yet. I am reading as much as possible but if you know of any groups who meet about real estate let me know.

My goal is to buy rental properties in my home town. I live in South Texas. We had a bad hurricane two years ago. If I use BRRRR method and refi and repeat. What happens if a natural disaster comes destroying my investments? For example in 5 years if I have 5 rental properties using BRRRR method and hurricane comes and destroys two of them and I can't put renters in them. Do I still have to pay the loan is houses are destroyed? Will I lose the rental properties?

@Melissa Kirchhoff Thanks again. Reading a bunch right now. Just learned about HELOC and this also seems like a good option for us.

@Melissa Kirchhoff I honestly have been listening to Greg Cardone a bunch. Heard him say rent where you live and buy where you can rent to others. My wife and I work for the school district as teachers. We have a hard time saving and want to buy some rental properties. This is our goal. So with the 100 k we we're hoping on buying 2 rental properties this year. Our taxes have also increased very much and are getting tougher to pay every year. The area we built at is really growing. Also, would I talk to a bank for leandig? Thanks for the advice. It was great. And about the renting. We would hopefully buy again on the furture but not sure.

I had a real estate agent come and look at my house. I owe $140,000 on the house and real estate agent said well can sell our house for $260,000. I have only been in the house 5 years and property keeps increasing in value. My plan is to sell my current house and rent a apartment so I can purchase some rental properties. I don't currently have any rental properties and don't have much in savings to put down 20 percent for home loan. Just wanted to see if this sounds like a good option for my family.