All Forum Posts by: Jacob Knowles

That's an interesting point Jaron, thank you. I will look into future permits. Most the other properties are in town. I feel that's good and bad for them, id be curious to hear your thoughts. On the plus side its a short walk to everything but we have them beat in noise, privacy, and still only 2 miles from town.  We will be just out of town on a private lot. Each duplex will have 2 acres to itself, will be a very quite and peaceful place. The town has great job growth, especially the past 2 years. We have 18 smaller/cheaper units in the same area and demand for them is great. The new ones will be larger,more privacy, and more expensive.

Hello, Thanks in advance for reading. I am considering building a higher end duplex complex consisting of 8 duplexes (16 units). I already own a vacant lot ready for construction. My question is how do you determine the saturation of a market. The town for the past 6 years has been seriously under housed. People are catching on to that and are building new properties. There are roughly 100 new units currently being built that are in the same market I am considering. I am not sure what the scale of the demand is. Are these 100 units nothing in the grand scheme of things? Or will they saturate it? My thoughts are its not going to touch it but I would like to know with more certainty before investing. I am hoping someone could point me in the right direction in learning how to do a market analysis/should I pay for one/are they accurate? 

Thanks, Jacob.

I have learned a lot with this post. Thanks a lot to everyone for the info! Appreciate it.

Thanks everyone!

Thanks a lot for all the feedback. Its all good information and has got me thinking about a lot of options. I own enough land to put the trailers so my intention of the post was buying trailers cash and putting them on the land. I realize they will depreciate but the ROI seemed to good to worry about the depreciation. I never considered sub leasing. Didn't know it was an option. I guess the biggest down fall to the strategy that I am talking about are the tenants you attract. They might not take care of things and leave trash around. I am interested by the idea of financing the sale of the trailer to someone, since banks wont finance them. Then I would still collect the cashflow but not the depreciation and maintenance of the trailer. Once the trailer had depreciated I would no longer own it and have collected plenty of cashflow on it. I would keep the land and slab it set on and give them the option to rent the slab. Or haul the trailer off. I think that sounds like an interesting idea. Anyone think of any downfalls to that?

If you missed my other post. I am new and will probably have a few questions while I am studying and analyzing deals the next few days. One question I have right now is whats the down side to buying mobile homes for buy and hold rentals? They seem to good to be true. The only thing I can think of is because they might not appreciate like a normal house does? But so what? the cash flow is threw the roof. Or maybe you cant get as much for rent in a mobile home as you can a house? Whats the deal? As far as cash flow goes they seem like a no brainer. I have found some very reasonable 3/2s and 2/2s compared to houses their same size. When I calculate the numbers they seem to be a pretty crazy to me, but like I said I am learning and am a little skeptical when something seems to good to be true. Would like to hear some input. Thanks!

I can buy single wides for 20k-40k. What look like pretty nice ones if not brand new. Why not just buy them and put a loop around driveway on land I own and keep buying and adding to the collection? Surely I must be missing something or everyone would be doing this. Could someone explain what I am missing? thanks

If you missed my other post. I am new and will probably have a few questions while I am studying and analyzing deals the next few days. One question I have right now is whats the down side to buying mobile homes for buy and hold rentals? They seem to good to be true. The only thing I can think of is because they might not appreciate like a normal house does? or maybe you cant get as much for rent in a mobile home as you can a house? Whats the deal? As far as cash flow goes they seem like a no brainer. I have found some very reasonable 3/2s and 2/2s compared to houses their same size. When I calculate the numbers they seem to be a pretty strong GO, but like I said I am learning and am a little skeptical when something seems to good to be true. Would like to hear some input. Thanks!

I will read it Steve. Thanks

Thanks a lot Kevin. I have been doing a lot of studying the past few days and plan to continue all weekend.