All Forum Posts by: John Collins

 To be clear , you mean $5k in positive cash flow, right?

 Fastest? Always flips. Adding value and relying on appreciation and being in a hot locale. My friend had a property, a piece of land, he bought for 250k in an area on the outskirts of the city. Airport proposal was on going, 4 months after, boom, it was approved and construction started immediately. Property was immediately worth $1 million and he got $1.25 for it. Deal closed fast as well. 

Originally posted by @John Collins:

They're classified as mobile home parks but are essentially POD units on small lots. This would be a bit upscale as far as MHP's go, but people are willing to pay the extra for safety, peace and cleanliness. Also saw some with the traditional RV's side by side with the PODS, so it can be done. 

 Any thoughts on these kinds of homes in mobile parks? 

@Frank Rolfe

The error here is you are looking at infection rate which we truly don't know. Only highly symptomatic people are getting tested. If you want to see impact, look at death rates, they tell an honest story.

Sweden Deaths - 2,200
Finland Deaths - 177
Norway Deaths - 199
Denmark Deaths - 400

People aren't falling over in the streets in Sweden, but they never had a highly concentrated epicenter in their borders, and are 5 to 6x the death rate of their neighbors when taking into factor population. 

After driving around, talking with a lot of people and starting my extensive due diligence process, I find these are pretty popular and tend to have minimal to no vacancy -

They're classified as mobile home parks but are essentially POD units on small lots. This would be a bit upscale as far as MHP's go, but people are willing to pay the extra for safety, peace and cleanliness. Also saw some with the traditional RV's side by side with the PODS, so it can be done. 

The city , apparently, is more willing to give out permits for these as opposed to the traditional set up of empty lots and bring your own RV. Can build in closer areas to hubs as opposed to way in the outskirts and hope for the best. 

Will continue to research but wanted to know your thoughts on this setup vs the empty lots and bring your own RV (I imagine you have to foster a community and culture and trust over years when there is no permanent infrastructure in place so it might negate the smaller start up cost). 

Will browse and check out, always open to new approaches. Thanks! 

Starting out with BRRRR? It definitely wasn't with 0 down. I had all the corners covered except creative financing (distrust of banks at the time, general fear of interest rates).

I saved up a lot of money by making sacrifices in my 20's and living well below my means so I was able to use high down payments, high credit and get low % rates. Always bought property below market in neighborhoods where I could justify a higher rent. Eventually could refinance where needed and transfer equity. Did all the work except plumbing on my first 5 properties and kept adding to portfolio with a positive cash flow. Key was due diligence, location..location..location! You can remodel a home perfectly but in wrong location it's going to be vacant or you'll have to drive down rent below cash flow to get someone interested. Now I subcontract it out but tightly oversee. 

If you can find a deal like the OP where less cash out of your pocket and it still cash flows, that would be best starting out... and do the due diligence so you don't have vacancies, unexpected repairs, problem neighbors etc. 

 Would you find things below market on a clean, spiffy portal like this? To me the more refined it is, the less likely you have a chance of finding a deal in a hyper competitive place for multi's like LA. 

 I know, but at the same time, I'm not proposing to build it in an existing residential neighborhood or the city center. The location is a little on the outskirts, the area doesn't flood and is blocked from a major road by trees, and prospective tenants I've talked to (who would pay the rents and be living in that area) could get to their jobs in half an hour on the west side of town which is fine by them. 

I have a phone call set up for Wednesday. 

 I know quite a bit about sustainable farming , and also know that smaller is better when it comes to yield/sq ft. WIth scale you almost always need hundreds of thousands of dollars of equipment, pesticides and chemicals that damage soil and output over time. Whereas with sustainable, you can use no till farming to maximize yields. A small family can make 60 to 70k on 1.5 acres of land using the right methods and right distribution channel. Most of it will be vegetables, some of it fruits, and there can also be a thriving chicken coop. 

Scale being the only way to be profitable is a myth ... unless you're meat centric and have free range cattle. 

Also more demand for organic after corona. Industrial agriculture is very bad for the land and health.