All Forum Posts by: Jacobus Grobler

Thank you for replying to my question. I realize 12 k isn't all that much and that is why I was hoping to stretch it out more by going after MH's.   I will take your advice to heart and start focusing more on partners than properties for now

I would say I have a 2 part answer to that.

1. I'm trying to get myself into a position where I can earn a create wealth by providing value to people and not just selling a widget online

2. I am trying to put systems in place now while I'm still in my 30's where I can have income coming in when I'm in my 60's

Well this will be a point in the right direction kind of question. I have spent every minute I have at work and at home reading post here and I figured I would ask this question to get pointed in some direction instead of just reading randomly.

I have a long term CD that will be at the end of its term next month and it will be about 12k that comes my way. instead of just taking it and reinvesting it for another year and earn 0.61% interest I'm wanting to take it and invest in real estate

I Have ruled out buying houses because if I can find a property for that it will eat away at all that I have left. Also from past experience in construction any house that you buy for 10 k your paying 20 - 30 in repairs and restoration.

So now where I need to find the direction. I'm not sure if I should go with trying to do Lonnie deals where I purchase a MH. Do what needs done to it myself and then sell it with owner financing. The other option that I have been thinking of is to use the 12k as a down payment and get a loan ( credit good not perfect) to invest in a park

Thank you for your time reading this and for sharing your knowledge and wisdom

Good evening everyone. I found this forum after the name popping up allot on another forum I belong to.

A little about me. I use to own 2 rental properties from 07 to 12 during that time I was in the army and moved allot. I got tired of not having decent renters in my houses and sold them. One I broke even on the other was on a short sale and is still bugging my credit.

Now that im out of the army and settled in one place. I'm trying to move out of needing a job. Also to educate myself better on finding good real estate deals and getting into the rental game again