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All Forum Posts by: N/A N/A

N/A N/A has started 2 posts and replied 8 times.

Post: modular homes recommended?

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i live in the ft bragg area.. its army/ghetto/whitetrash town.. mobile homes are be rented out like crazy..

and where can i find foreclosured mobile homes? should i go through a realtor?

Post: modular homes recommended?

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i lookin to buy a house and rent out....

so i spoke to an investor that is selling like 15 modular homes. i told him i rather buy a house that isnt a modular. he ask me why? i said because no one was a modular. he said thats not true. he said he wished he had a 100 modular homes. he says everyone rents them out. and theyll sell whenever im ready to sell also.

is he telling the truth or is he jus trying to sell my home to get money in his pocket. what do you guys have to say about modular homes. thanks

Post: newb with 15k

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Originally posted by "drreidjr":
kleancut,

don't get discouraged. although these folks are right in saying what they are saying, your experience in flipping cars is a bonus and will help you in this business. as christy suggested, i would certainly spend some time learning more about real estate before you make any sudden moves. the terms will come as you read and learn more... and btw, thank you for your service to our country.

thank you thank you..i thought flippign houses would be jus as easy as flippin cars but jus with a little more extra money, but as i can see its ALOT more complex.. :cry: and id have to admit, im not a reader, id hate to say it but i dont enjoy reading at all.

Originally posted by "Judson":
I love your enthusiasm! A good way to learn more is to find a local real estate investors association. www.nationalreia.com will help you find one. Listen to what those people say and learn from the successful ones. And don't part with your 15k because someone tells you they have a good deal for you :wink:

thanks man, im gona check that out... that sort of reminds me. how do you guys feel about partnerships, do you recommend it, or even with a stranger?

in todays classifieds i found a this - TRIPLEX - 112 Andy Street $35,000 / obo. Approximate Tax value $84,000. ... i jumped on yahoo maps and took my self there.. wondering why it was so cheap, i found out quick... when i arrived at the house, i realized i was in the ghetto; crackhead/hooker neighborhood... my car was then attacked by 3 hookers, it was kinda funny..and nasty. anyways i left. end of story, lol.

Post: newb with 15k

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will i be able to find a book on strictly about investing on homes?

Post: newb with 15k

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what is rehab?

Post: newb with 15k

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dang, that aint alot at all, ill make 5 grand in 6 months jus flipping used cars, thats how i got 15k... im jus tired of flipping cars, i want to go something bigger. how does this sounds.. and again i dont mean to make it sound so easy...

buy a 50k small house, remodel (costing 4k maybe) and flip it for about 75k...?? am i missing out on something cuz it seems to easy..please help me out

Post: newb with 15k

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Originally posted by "bsodders05":
You make it sound waaayyyy to easy. How do you plan on acquiring it? Foreclosure, pre-foreclosure, HUD home, REO, motivated seller, etc.? Who will do the rehabs and cover the costs?

i kno it way more complex but i didnt kno how to put it... and i dont kno what the defintion are any of them terms you used, im so new.

Originally posted by "juzamjedi":
There are lots of ways to go, but bsodders05 is right. If you are just starting out then you are probably best served by getting a mentor in your local area and asking them for some advice on how to proceed. Bird dogging is a good way to get your feet wet (if you have a mentor). If you want an "easy" way to make money then you could become a private investor and loan out the $15K to other investors.

how much profit would i make in by loaning out my 15k to other investors and how quick can i make profit? thanks guys

Post: newb with 15k

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hello everyone, im 20yrs old in the USAF.. i have about 15k saved up, and i would like to get involved in investing. what exactly should i do? i was thinkin more the lines on getting a loan for a house around 100k, use the 15k as a down payment and flip the house for 115k or something.. does that sound about right? any other ideas, thanks