Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (3,899+)
Josh Halat Investing in Mobile Homes
14 June 2021 | 2 replies
The pros are:1) Very low entry price point (you can buy mobile homes in mobile home parks for as low as $1,000 cash).2) Huge demand for affordable housing.3) Often used as the stepping stone to buying mobile home parks as it's a skill needed in both.The cons are:1) Working around the SAFE Act and Dodd-Frank laws which make it very hard to do mortgages or "rent to owns".2) Older mobile homes, in particular, can need a huge amount of cap-x to but them back into service.3) If you are not extremely disciplined on your background checks, you can let in people who will destroy them.4) Collections is always hard as you are basically dealing with people who have very little money.Here's what you should do if you're really interested in this form of investing:1) Focus on communities that have extremely high single-family home prices ($200,000 and up) and apartment rents.2) Buy only homes from the 1980s or newer that are at least 14' wide so the floorplan is reasonably spacious.3) Choose homes that you can buy cheap due to cosmetic -- and not structural -- issues.4) Watch over your home renovation costs closely and cut every corner -- every dollar you spend is a dollar less profit.
Bevan Daniels Creating Wealth with guilt
14 June 2021 | 8 replies
Wow, what discipline and dedication.
Todd Powell Learn from my RE journey !
13 June 2021 | 1 reply
It takes some discipline, but in the end it takes passion to want to get out of the rat race of your W2!
Tim Kaminski Tenants not meeting Income Requirement but High Savings?
15 June 2021 | 6 replies
Savings to me at least shows a level of discipline financiallyI would definitely consider them with a good rental/work history 
Elizabeth M Williams How Psychology Impacts our Investing
19 September 2021 | 8 replies
This is akin to will power & self-discipline, and often plays out in situations around food, exercise, alcohol, studying.
Nico Navas Any advice appreciated ! 1st time home buyer ever !
30 July 2021 | 5 replies
No matter what words of wisdom is offered here in regards to this post, I truly do believe you as an investor looking to make sounds decisions, your best friend is going to be disciplining yourself to understand deal analysis.
Steven Hage Mini Storage Investment
21 June 2021 | 1 reply
45 years of corporate real estate development experience provided a disciplined approach to the development process.
Enoch Wolsey New Investor Looking to Purchase in a Year
7 July 2021 | 12 replies
While the majority may be in this phase it provides a great opportunity for those who remain disciplined in focus to get the most they can out of the times we find ourselves in.  
Justin Goodin By 12/31/21 I want to have ____.
5 September 2021 | 7 replies
Throughout Covid remaining particular and disciplined towards goals might be more important than ever.
William Mitchell Is it a bad idea pay off credit card debt with my 401k?
12 July 2021 | 51 replies
Need to buckle down and get some discipline