Attorney FeeHolding Costs:1.Loan Interest Payment 2.

This cost is going to be the bulk of your monthly payments for mobile homes in parks.

go to lots and lots of meetups.2. talk to those HMLs and find out what their terms are.3. save up enough so that you have a down payment, reserves, and also enough in cash for the hold period. 

I know there are pros and cons to each side of this question but is it better to self fund your first deal or to put a down payment for a real estate investment loan?

Some investors rely on the BRRRR method to keep their capital working, but in a high-rate market, a short-term strategy like flipping a property could also provide a quick cash injection to maintain growth.

@Russell Brazil Although, Russell brings up a good point, I have personally read the Fair Housing Act several times and have never seen anything in there about it being illegal to discriminate against payment source.

But I am so intrigued with the BRRRR method just not sure this is the one for that.

So call it $60K for the down payment, and another $8,200 for reserves.

Get your credit cleaned up, ditch the car payment and find a side hustle to grow capital. 

They’re generally easier to manage and can help you gain valuable experience in property management.When you’re ready to scale up and try strategies like the BRRRR method out of state, it’s crucial to have a strong local network.