All Forum Posts by: Toni Fowler

@Karen Margrave Thank you for that information. Those are some amazing homes! I would be looking at something for less than 100K, which would most likely be in a park from what I've been researching. But your saying that manufactured homes are pretty much in the same category as mobile homes as far as appreciation/depreciation and financing? Do you think purchasing a manufactured home in good condition would be worth investing in as a rental?

I know mobile homes depriciate. Is the same true for manufactured/modular homes? I did a google search and found answers from both sides so I'm looking for a little more clarification. With all the confusion with the SAFE ACT I'm looking into whether landlording a higher end manufactured home would be a safer choice. Any thoughts?

Thank you all for the awesome feedback! Looks like I've got lots to do! I'll have to check out my local REIA Club, even though I probly won't be doing any deals here. It would still be fun to attend a few. I like the idea of trying FHA. As a beginner though, the thought of flipping houses kind of scares me. I'm not sure I'll have enough down for a 2-3-4-plex but ill do some research on that. I really appreciate these tips you guys are great!

@J. Martin Thank you for the warm welcome and the tips, as I am still learning this site :)

@Adam Roberts Absolutely! I've even thought about purchasing and living in a single family dwelling or condo and renting out the other rooms until it was paid off. I am still doing a lot of research on that area's market.

What are the best free websites to use (excluding CL) to search for investment properties or homes in general? And could I get some input on how to learn a market really well?

Hey everyone! I am so looking forward to absorbing all of the wonderful information provided by you fine folks here on BP! I've been wanting to invest in real estate in one way or another for years now. I got very excited when reading about the great opportunities to be had with mobile homes, and then quickly discouraged after learning about the SAFE ACT. Its not that I'm unwilling to play by the rules, I'm just unsure if it would still be worth it as someone just starting out. Would there still be room for mistakes, ahem, learning opportunities? And what if I get the help of an attorney or MLO who thinks they know what they're doing but don't? These are my fears.

My present goal, as someone doomed to $11/hr jobs, is to become financially independent, and then see where it takes me as a business. I guess my biggest question is what are some other investment options that do not involve lots of cash? I currently have just under $5000 saved (not including $1000 for an emergency fund) and am putting away about $300 every two weeks and I'd really like to invest this somehow.

I live in Kansas now, and have plans to move to the Coachella Valley in CA in a few months. If I don't find a way to invest when I move, I'll have to use some of this money for rent. Before I get an uproar about my move, I've lived in CA (Orange County/Long Beach) before and will definitely be staying there permanently.

I am open to being a landlord(I currently work as a leasing consultant) and just about anything really. I don't know much about wholesaling, tax liens, etc. I would just like some guidance as to where I could/should be focusing my energy!

Thank you so much!