All Forum Posts by: Johnny Dlcrz

I have used pregó laminate on a rental and actually has held up great for the last 7 years considering almost everyone always took there shoes off at the front door and kept floors clean. 

Then I tried Home Depot’s home decors LVP on a higher end rental and the vacuum scratched and peeled a few parts and have also seen minor chips I’m guessing from objects falling. I would probably try another brand next time . 

Hi I’m pretty new to real estate investing I currently own three double wides on land that I Paid 100% out of pocket for. I’m looking at a 1987 3/2 1300sqft single family “HOUSE” going for 130k it needs some work but as a general contractor I should be able to rehab for under 30k which I plan to pay out of pocket for . I’ve never used a lender before but I’m very interested in getting advice.
more than likely my plan is to rehab and rent I do have enough to pay out of pocket but seeking advice from the pros ! Thanks

note: houses in this neighborhood have sold for 200+ in the last two years .

Hi I’m pretty new to real estate investing I currently own three double wides on land that I Paid 100% out of pocket for. I’m looking at a 1987 3/2 1300sqft single family “HOUSE” going for 130k it needs some work but as a general contractor I should be able to rehab for under 30k which I plan to pay out of pocket for . I’ve never used a lender before but I’m very interested in getting advice.
more than likely my plan is to rehab and rent I do have enough to pay out of pocket but seeking advice from the pros ! Thanks

note: houses in this neighborhood have sold for 200+ in the last two years .

Hi I’m pretty new to real estate investing I currently own three double wides on land that I Paid 100% out of pocket for. I’m looking at a 1987 3/2 1300sqft single family “HOUSE” going for 130k it needs some work but as a general contractor I should be able to rehab for under 30k which I plan to pay out of pocket for . I’ve never used a lender before but I’m very interested in getting advice. 
more than likely my plan is to rehab and rent I do have enough to pay out of pocket but seeking advice from the pros ! Thanks 

note: houses in this neighborhood have sold for 200+ in the last two years .

Any input on best insurance provider for a 2003 double wide on land it’s a rental ? 

My wife and I own a fully renovated 3/2 double wide on .25 acre  very close to a waterway . We invested around $75k out the door for everything including home and land and We have tenants in it that just made a full year renting at a rate of $1300. We paid cash for it two years ago now we are trying to refinance and get some cash out to invest into our real estate deals . Who would finance a deal like this I’ve heard it’s more difficult with manufacturer homes . Any advice is greatly appreciated 

Have a cash buyer interested if they back out we might move to another lot where we can do whatever we need . Thanks for the advice 

Hi , we just purchased a 2018 5bed 2 bath double wide on a 1/2 acre private leased land (lot rent is $325 w water and sewer). Home is located about 15mins from the beach and the city so location is good. Home was a foreclosure that need very little amount of work we paid $85,000 and would be at about $90,000 when all is done. Original plan was to have a large family rent in the $1800/2200 range. However the land owner revised the lease just after we sent all funds to buy the place and now won’t allow us to rent it out. Have consulted with a few other realtors/investors and have had ideas such as sell and hopefully Break even while the market is good . Another was to move the home onto its own land and then sell or flip (lots might be hard to come by in the area). Another was to sell as rent to own telling land owner we sold and having such a high interest that people would more than likely lose the property or have to refinance at some point paying us off. Not exactly sure what to do here have been stressing about this way to much . For reference I have 2 other rentals one on land and one in park and I’m doing great there but I paid dirt cheap for those . Any advice would be greatly appreciated. Thanks 

Sorry , so he said setting up an LLC with an umbrella policy under the llc. would protect me the most since I own a construction company and 50% owner of a beauty salon with my wife. He said this way if someone in the property sued they would sue the LLC and it would protect everything else including my personal property.

Hi , I have two rentals I own right out. one is a house with land and the other is a mobile home on leased land in a very good location . I just created an llc for these properties per my accountants recommendation he also suggested I transfer the properties from my personal name to the llc name. I had really just created the llc for tax purposes and to keep my personal finances apart from my business finances. Do you really need to transfer to llc name ? I’m located in SC if that helps