All Forum Posts by: Justin Young

I have noticed reasonably priced homes for sale in the OKC area but I have no clue the layout of the neighborhoods. Could someone give me an idea as to where would be the best areas to make a purchase in the OKC area?

That's $23,900 each. I would probably keep them for twenty years or so. That way the loan would be paid off. It really depends on how they hold up.

Alright guys I have decided to buy ten mobile homes instead of building more duplexes. The main reason being that the return on my investment would be far greater. So now I have another question. I had a mobile home company quote me ten brand new mobile homes with all appliances and Ac delivered and installed for $23,900. It also comes with vinyl siding and a composition roof, one year warranty.  Even tho they are brand new they are not the best of quality. My question: should I buy these at that price that would provide an exceptional return but could maybe be a little more trouble in the future or spend another $10,000 per unit and buy something of better quality? I feel like if I can build my cash flow now then I can use that to buy single family homes or anything else really. 

Alright my fellow investors I'm in a deliema and need some advice please. I have been investing for about seven years now, I just finished my biggest project and I'm planning my next move. I have two options, build some new duplexes or invest in a mobile home park. I'm sure most of you know the pros and cons so I'm not going to go into all the details but this is what's on my mind.... I can invest in ten acres with five mobile homes with room for twenty more mobile homes, I would pay cash for the other twenty homes as I went along therefore significantly increasing my cashflow and it would be a very nice return on investment. Or I can spend about four times the money and build four more duplexes. The return wouldn't be near that of the mobile park and the cashflow wouldn't be either but the equity would be far greater. So my question is, should I invest in the mobile park and create a cash flow that would boost my business and help me to reach goals faster then continue to invest in equity properties or go a head and invest in equity properties now? Any advice will be appreciated. Thanks in advance!