All Forum Posts by: Rashad Shepperson

My mother inherited property and she wants to pass it over to me.  I think this is awesome. She just does not want to be bothered.  It is just land not sure what can or cannot be developed on it ( just wooded land).   What are some things I need to do?  I was thinking mobile home park worst and best case scenario ??  

Looking to network

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Investment Info:

Single-family residence buy & hold investment.

Purchase price: $420,000
Cash invested: $40,000

primary investment

What made you interested in investing in this type of deal?

primary home

How did you find this deal and how did you negotiate it?

MLS- listing

How did you finance this deal?

FHA

How did you add value to the deal?

put in kitchen -upgraded

What was the outcome?

decided to run line of credit and purchase multi families going forward.

Lessons learned? Challenges?

buy multi family first to generate passive income then buy primary

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

rashadshepperson.exprealty.com I am a agent for eXpRealty.com

greetings to everyone,

I was interested in property in Alabama.  My question would is, what type of property is profitable in the area?  Not being from the area what would I be looking for in terms of passive income investment? (newbie)