All Forum Posts by: Leslie A.

@Michael Plante. That’s gorgeous

@Joe Miller I always just kept their security deposit

Do a search here for John Fedro. He has a lot of good info on that model 

@Terre B. I would love to do owner financing. Better than renting

@Luke Edward. Oh yay! That’s great. Would love to hear how it goes

@Leslie A. When I began, I wanted to do mobile homes, but also found it difficult to find one. I eventually decided to rent RVs. They can be rented for quite a bit and are plentiful to buy. Simply hook it up to your truck and take it home. Or pay the owner a hundred bucks to move it for you.

About being allowed to have rentals in the park—hopefully you can find a MH already in a park or lot. Moving costs are high. 
Have you already been asking managers about rentals?  My experience with this is several years ago, but I found, I believe, six parks that said yes when I asked them. I’m also in the Houston area. 

I assume you’re watching Craigslist and Facebook Marketplace?  You have to watch constantly and if you see a deal, move immediately. Good deals go quick. 
Also, drive through parks looking for For Sale signs. Managers of parks also know of deals that come up. 

@Jamie Fankhauser

How I Turned 1,000 into a Million in Real Estate in my Spare Time.

It’s the most thorough RE book with tons of useful info.

I think it was written in 1959, so quite dated. I just mentally add a zero to all the figures.

@Nkuti Ndely

Yes, that sounds like a big problem if he abandoned it rather than fixed it. Maybe you can talk to the health dept and see what the requirements are then talk to a well company about how much it would be to repair or replace. Sounds quite expensive.