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All Forum Posts by: Jerry Lucker

Jerry Lucker has started 13 posts and replied 327 times.

Post: Alot of people have inquired about buying homes with NO MONEY

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Keith Odom

Get rich in real estate - no money needed! The pitch most gurus use to sell their books, courses, etc.

I started by flipping mobile homes in parks. One of the first took a total investment of $8,000. It sold for $24,000. Not a fortune but look at the percentages! I’ve done the same for 20 years and retired with a nice portfolio of rental properties.

Post: Quitting Job to Pursue Real Estate: Documenting my Journey

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Frank Geiger

To start things quick and easy you might want to consider what I have been doing for 20 years - - -

I recently flipped a mobile home in a park. $32K invested. Sold for $69K. 60 day process.

Low risk, very little competition, modest investment required, exceptional profit margins.

Post: Dropped Out of College

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Jalen Chanthaboury

People with college degrees will probably be working for you someday.

Nothing wrong with college except it doesn’t stress entrepreneurship or independent thinking.

Modest investments in real estate and other business courses, etc. will pay off quicker with more profit potential.

Post: Home Depot or Lowes?

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Winnie Rim After 20 years of rehabbing it’s definitely whichever is closer and more convenient :)

Post: Struggling to find deals

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Adam Higginbotham I went through exactly what you describe.

I stumbled across flipping mobile homes in parks.

Takes little money, very little competition, great profit margins.

Post: Structure a low ball offer so it is stronger

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Joe Villeneuve - you wouldn’t accept an offer in the future even if over list price? Really? Credibility? Who cares - keep the earnest money and sell it again. Sounds like you’re making a knee jerk emotional decision to me :)

Post: Depression and Real Estate

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Bill Plymouth

There are very few people that are totally OK - without some depression or mental struggle.

Base Ideas like love and happiness on daily decisions to be that instead of your attitudes being based on the emotions of the moment.

Post: Real Estate Coaching SCAMS!

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Dawn Cohen

It’s irresponsible to suggest there are no companies in Utah that are legitimate.

Rational due diligence will separate the good companies from the hucksters.

Emotional knee-jerk blanket categorical characterization of the businesses is counter productive.

Post: Collecting rent from Tenants

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Aditya Hejib

Follow the law. Give them the proper notices and follow through with the necessary procedures.

If you don’t run your business as a business you shouldn’t be in the business. Harsh but the best advice you’re going to get.

Jerry Lucker

Post: Do banks loan on a property with a manufactured home on it?

Jerry LuckerPosted
  • Flipper/Rehabber
  • Seattle, WA
  • Posts 333
  • Votes 458

@Nathan Stokes

There are lenders that will finance mobiles on property. As with everything, you have to know who they are. Not every bank or mortgage company will.

Jerry Lucker