All Forum Posts by: Jake Warren

would this STR be worth keeping if I want my focus to be on LTR?

 the property is in a private park the land my home is on is not owned by me it is owned by the owner of the park. I just own the mobile home and the park is open only 6 months and closed for the rest. it would not work as a LTR because of that. it cash flows good park fees are 12k for the season. property will cash flow about 30-35k as long as it is booked out solid which it has been the last 2 years I've owned it. I'm not sure if I should sell it and get out as banks don't look at it as real estate because it is a mobile home. will this effect me with buying more LTR property?

I currently have a STR mobile home that is bringing in good cash flow but I am thinking if its a smart investment or if I should get out of the mobile home before it could be to late. the park fee is really high but 1.5 months rent pay for it. which leaves me with 4.5 month of positive cash flow. I also have a LTR.

@Kenny Smith 

thank you I am slowly learning more and more each day about real estate and am hopping to get more property as soon as I can. 

new to the bigger pockets world and so far I've been loving it. just trying to meet new people/connections and grow a new group of friends that are in the REI world.

what's up bigger pockets, I've had an account for almost a year now but finally trying to meet new people and friends and start my real estate journey. I am located in Hamilton Ontario and currently have a STR and this year purchased a LTR. I am a single guy with lots of ideas but not exactly sure where to start.