All Forum Posts by: Jerry Lucker

Newbie here....we haven't even purchased our first property. We had been looking into SFHs but now have discovered the lovely world of mobiles homes as rentals. I've been reading through many posts about not to purchase a mobile home for more than $15,000. So many that I see in that price range (targeting eastern panhandle of Florida) would need to be almost completely gutted. With just getting started and not a lot of cash on hand, is it worth it? We're thinking about trying to find owner financing options to get us started that do not need so much work then when we get the cash flow increased to maybe look more into remodeling much less expensive ones. Also, any great books/blogs on mobile home rental recommendations would be great. Thanks!

My thesis statement goes as follows: 

The University of Minnesota should offer a real estate investing degree that enables students to use a student loan to make a down payment on an investment property. A percentage of the profits and the home’s equity would go to the university, while the rest remains with the student. This equity and profit sharing can be used to pay off the student loan while gaining excellent experience in real estate investing, personal finance, and accounting.

My idea is that many high school and existing college students would be fascinated by this degree path, and both parties would profit. Obviously, not every investment works out, but I will explain the insurance plan later in the paper so try not to worry about that right now. 

What are your thoughts on this degree?

@Jerry Lucker. When you just own the lot, are you responsible for utilities or anything beyond collecting rent?  Same question if you own home and lot?

@Jerry Lucker What counties are you invested in?