That was recently lowered to 4.26 million, and even achieving that could be a struggle if mortgage rates don’t move sharply lower.The positive spin to all this is that every year we have existing home sales below 5 million units is just “compressing the spring” further.

What are the legal problem I can face by renting non-confirmed unit? Is

Consider FHA loans for lower down payments, but remember, the key is to find properties where the rental income covers your mortgage and expenses, ensuring positive cash flow (although in Austin is will be hard, but not impossible, to accomplish)Aiming for five properties in five years is very ambitious but achievable with the right strategy.

My experience is that mobiles/manufactured homes fall into three categories, a. still on wheels treated as a vehicle and are are on rented spaces b. wheels removed, the unit is put on a foundation and skirted, on rented space c. wheels removed, the unit is put on a foundation and skirted on owned land and treated as permanent, which qualifies for a mortgage.

Hey Michael, I do think that you can achieve a lot with the 400K, I would recommend for you to build a team in place for whatever city you are investing in and go from there.

We have always told our tenants that we are the owners and live in the other unit. I

Considering this is the outcome of a foreclosure, achieving this strategy would compress the timeline and save on legal expenses.

She just swore for 30 minutes when I had two workers in her unit. I

Are you wanting to lever to achieve a greater expected return or because you can't accept that loss?

He typically achieves good return on his efforts but I do not believe I ever saw/heard his final numbers of this effort.