All Forum Posts by: Jennifer Freeland

@Reid Hanley wow that sounds like a killer deal! Thank you for the advice. Do you know if your lender is local to FL or do they lend in Ga as well? Would you mind sharing the name of the lender?

Hi Everyone,

I’m a new-ish investor, started in 2020 and have 4 flips under my belt and now own 4 rental properties. I recently came across a mobile home deal that seemed too good to pass up. Seller wants $30k, it needs $20k in repairs, and similar homes are selling for $100k. The home is on its own land/permanent foundation, built in 2003, 4br/2ba with 2000 sq ft.

In the SFR rental world, this would be a fantastic BRRR. I will be using my own cash for the deal so I'd like to pull the cash out to use for other investments. My question..is it possible to do a cash out refi on a mobile home or should I just plan to flip it?

Seeking advice…

A local developer is trying to build a subdivision on land that is behind a home that I own. They have approached me and asked if they could tap into the city sewer line for their development and have also asked for an easement. They said they would compensate me for this.

How do I know what is a fair price? Is there any risk of allowing them to do this? What type of professional would I consult to help me evaluate this?