All Forum Posts by: Zach Elcott

@Jon Dorsey The asking price is for the 9 lot is 539,999.00 and the 18 lot is 700,000.

@Ryan Groene I do live nearby which makes things easier. I plan on holding onto it for some time and acquire more MHP's along the way to sell in a portfolio. I appreciate the input- very helpful. I have not checked on the EPA laws but will do now!

@Gulliver R. I don't know how much room there is to raise the rent since it was raised last year from now but as a beginner - what do i know, theres much more I need to learn which is why I'm thankful for your input.

Hello! 

I am new investor with the means to go big or go home. I have been a fan of the BiggerPockets for a couple of years now soaking up the information to better prepare myself towards my life as an investor. I recently received a portfolio on my ideal purchase of a MHP. With what tools I have acquired to analyze this deal- the numbers seem to work out. 

Was wondering if this deal made sense in more experienced eyes. Let me know what you think?

@Filipe Pereira @Hank Keller @Jason G. @AJ Singh @Lane Kawaoka Thank you all for the help. I will do my research and get back with my conclusion. 

Would your prefer me to purchase a multi family home or two. Or put down a 20% down payment of 150-180k towards an 800-900k apartment unit.

Units as in an apartment unit*. Sorry I should have been more clear. Yes, 30k for a house would be a big fixer upper Haha. But some apartment units go for 25-40k to purchase and would be able to rent for 1,300.00-1,500.00 each month. 

I have around 300k to start rental purchases. I wanted to know if the right move to jump start was to purchase a couple of units for around 30k each, build credit while making some money, then move onto the loans for bigger property purchases for rentals?