Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.

I formed Park Place Communities in 2014, and we started purchasing communities in early 2015.

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

Purchase Price:Focus on areas where the rental rates align well with your purchase price.

I also am a member of the International Real Estate Federation, and can connect you with agents who are able to help with your purchase.  

The last time I represented a mobile home park purchaser, county health department allowed four MHs per septic tank. 

For path #2, you mean purchase & renovate a 3-5 unit building right?

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.

From my experience, you can use that savings to house hack with an FHA loan, invest in a turnkey property in a more affordable market, or even partner with others to expand your purchasing power.

Did you build that or purchased from somewhere?