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All Forum Posts by: Renee Ross

Renee Ross has started 1 posts and replied 9 times.

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3
Quote from @Robert E Bogino:
Quote from @Renee Ross:

Hello BP, 

I am considering graduating from investing in flipping lots/ land,  to rehabbing or flipping mobile homes.

what should a beginner look for?  Is there a number formula like it is with home rehabs? 

Again, I'm just looking for the basic or as much information as one would like to give regarding starting mobile home flipping for beginners.

Thank you, in advance.

Renee


It sounds like you aim to do this on land as true real estate and not in parks? Comps are run the same as most have said. In my area I do have to go a little further out to find comps than normal and estimate going up or down depending on the county, city, schools etc. One trick I use is to get a pre sale/listing appraisal. The new buyers lender cant actually use it, but I've realized it helps "guide" the new appraiser to your ARV. There are other things to consider on your exit strategy such as title retirement and foundation type if you want to be traditional lender approved.

Thank you so much ...taking notes...

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

@Jacob D Cockerell wow thanks that's great information!! Taking notes ..

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

@Adrien Hebert Yes, I flip land and NC is definitely one the markets I cater to as well for that. Thank you so much for the information,  for my first couple of mobile rehabs / flip, I'm going stay in my own backyard .However, I would love to connect for future ventures .

Thank you 

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

@Bob Stevens Thank you !! I do tend to overthink things 🙃  thank you again ...

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

@Rachel H. I have a follow-up question, that I hope you don't mind answering. 

I'm sure when flipping manufacturing homes, comping, and doing your diligence, they all follow the same basic formula. However, my question is, when looking for a market, you are trained to look for the areas and zip codes that have the most buyer activity, ( areas that have the most sold properties for example in the last 3-6 months, etc. ) Do this type of train of thought still applies to buying Mobile homes to flip? or is it only for wholesaling in general? and would I also have to get a  dealer license? 

 Newbie question I know, but you and whomever else that gives their advice is highly appreciated!! 

Thank you   

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

@Rachel H. you are the best !! Again thank you so much for responding and the extra information [ advice ] I would definitely take note and follow ! 

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

Thank you so much for  responding & your advice !!! 

Post: Beginner advice when starting flipping Mobile homes ?

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

Hello BP, 

I am considering graduating from investing in flipping lots/ land,  to rehabbing or flipping mobile homes.

what should a beginner look for?  Is there a number formula like it is with home rehabs? 

Again, I'm just looking for the basic or as much information as one would like to give regarding starting mobile home flipping for beginners.

Thank you, in advance.

Renee

Post: Looking to invest in Fayetteville NC???

Renee RossPosted
  • Investor
  • Atlanta
  • Posts 10
  • Votes 3

Hello Mr. Tyrell Taylor,

I am a real estate acquisition specialist lesion, who works with different real estate professionals to virtually buy distressed property or land. I would like to network with you as an RE agent in the NC.