All Forum Posts by: Will Green

I just put the earnest money and will close soon on a 3 bedroom, 1 bath house in San Angelo, TX but will need to move it to my land which is 2.2 miles away from it's current location. I own the land and have enough for the house outright since it needs some work but will probably do the rehab in stages due to lack of capital. I've already got the permits in the works with the city and have gotten structural moving quotes. Do you have suggestions as to what I should start with? I can't do all the rehab at once unless I get a partner so one step at a time is my option (I really don't want a bank loan either). I went ahead and committed because I did not want to let fear or analysis paralysis stop me. Has anyone rehabbed a house in stages before? I would just like to read anyone's past experience or advice. Thanks guys! Glad to be a part of this community where I can get advice!! 

-Will 

@Victor S.

I agree, everything with moderation. But given his post... 

@Frankie Woods

So maybe you've thought of what kind of woman you're looking for. But have you given any thought to what kind of man that woman is looking for? If this is a joke, I enjoyed reading all the posts. Some were great advice like @Jay Hinrichs  post. If you're serious, read the following articles. Really read them, and take the time to UNDERSTAND them.  It's just common sense, but sometimes you just need to read it.

http://www.littlethingsmatter.com/blog/2010/02/17/...

https://sajigroup.com/law-of-magnetism/

I'll leave you with these words from John Maxwell (I believe): What determines if you attract people with your desired qualities is not what you want, it is who you are, that is how the Law of Magnetism works.

@Paul B.

Thank you, sir. I'd like to get into MFR. Right now I just started small with what I could (I felt like I was stuck with paralysis analysis and jumped in)

@Harinath Pottam

Thank you 

@forrest holden

Thank you. What is their company name I'll look them up. I'll be in Angelo after the 14th

Thank you guys for posting and chatting with me. I really appreciate y'all!  Any advice is welcome. I'm hungry to learn and make some deals! If any of you would like to meet up and see if we can make some deals or learn from each other, feel free to reach out.

I'm sure we can add value to each other in some way! I am willing to do manual work (summer time) or partially fund a deal. If you are a seasoned investor with experience I'd be ok with funding a small flip deal with your guidance and we can share profits-Again, not looking for money, rather seeking knowledge and guidance. 

PS. BP is amazing, glad you guys are on here!!

@Forrest Holden

Thank you, sir. You are correct. The city told me that mobile homes are NOT allowed, however, a modular home is acceptable. They said that a modular home is placed on an actual foundation, unlike a mobile home. To me it just seemed like codes and loopholes, but I'm no expert. 

I inquired about mobile vs modular to learn about depreciation on posts on BP, google searches, 2 local builders, and a reputable CPA that handles real estate investments for some clients. All, except the CPA told me that modular homes are just like stick built homes and appreciate the same as a built home. The CPA told me that it would lose value (but I really hope he was thinking about mobile instead of modular) so it got me to take a step back. I am still researching this before I actually go through with putting a modular home on pecan street. I just don't want to be stuck with paralysis analysis and not do anything. 

@Aaron Nelson

Oh cool! I've actually gone with him a few times. I helped him remove  a tree recently at one of your properties. I enjoy going out to various properties with him to learn about some of the maintenance that owning rentals requires.

I'm very interested in acquiring more real estate in San Angelo. I plan to move back to Angelo and currently I live and work in the DFW area and not sure if a lender would qualify me to make a purchase this far from my job. I'd like to get a house out here in Angelo soon to rent it out for a year or two before moving back. I'll reach out to you next week. Would you recommend I look for a local lender (in San Angelo) or one in my area? 

Thanks for your time! I know you are very busy!