All Forum Posts by: Kyler Smith

I found a small 12 unit motel with 5 RV hook ups that needs quite a bit of work. It’s about a 30 minute drive from me. It’s in a small west Texas farming town about 30-45 minutes away from any real “big city”

The motel aspect doesn’t make sense to me but i thought maybe turning them into small 1bed/1bath long term rentals?

Does anyone have experience in doing this?

@Matt Ruttenberg I've had good luck finding furniture and a decor on Facebook market place and Craigslist. However my STR is no where near luxury. It's a tiny mobile home on a lake. So we didn't go all out furnishing it inside. We spent more fixing up the outside

Hey guys this is my first post here and I'm excited to get some feedback! I recently bought a piece of property at a lake near where I live. The lake level has dried up quite a bit BUT the property is still waterfront! (you just have to walk a little further) I bought the entire lot for $3,400! It's a quarter acre and on it sits a 1956 mobile home that is super water damaged. I am taking a sledgehammer to it tomorrow to make room for a brand new single wide mobile home I just bought for $32,000 bringing my total investment to $35,000. My goal is to use it as a weekend getaway for my family, as well as renting it out on Airbnb while we're not there.

My question is:

1. Is there still a possibility to BRRR it?
2. How do I cash-out refinance a mobile home I just bought? Can you even do that? 
3. Any other helpful advice to get me started?

If I can do something like that GREAT if no that's ok too it'll still be a fun place for my family and I. I'm looking forward to your responses