All Forum Posts by: Thomas M.

Michael, There's not many mobile home parks here where i live, the ones that are you would not want to invest there(etc crackheads and drunks). Land does not cost as much here as in Cali. better to buy.

I said if I did not like being a landlord then I would sell and just do flips/owner financing.

Thanks Will I would love to get infinite return,and that's exactly what I was aiming for until I got shot down like a bird in the sky with 1 sentence "We're not going to be able to do this loan at this time, Thanks".

Until I find a lender, I'm stuck saving and paying cash.

Thanks jon , I wanted to start using leverage but only thing I can get around is a secured line of credit. which would be worst than just paying cash.

First off wanna say this is a great forum, been learning alot over the 6 months i been reading posts.

Just got my fist property rented through Section 8 for $600 a month. Here's the specifics, wanna know if I'm off to a good start, and seeking advice.

Doublewide mobile home
Land- 2 lots in the city limits (good niehborhood)
Paid Cash- $13000
Rehab+ Heatpump/ac+utilities- $3000
Total invested = $16000

My plan is to rent it out till i get all my money back, then if I do not like landlording flip it, if i do hold it.