Investment Info:

Mobile home note investment investment.

Purchase price: $64,250

Cash invested: $12,000

Sale price: $175,000

We purchased this mortgage note and ended up foreclosing on the proper...

Those 2 will generate plenty of bookings if you have a great place and priced right.

AND Its my contract the customer signs .

With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.

Hey everyone,I’ve been diving into Chapter 1 of The Multifamily Millionaire, Volume II: Create Generational Wealth by Investing in Large Multifamily Real Estate by Brandon Turner and Brian Murray, and I wanted to share insights on one of the most important concepts: Crystal Clear Criteria (CCC).When scaling up to larger multifamily investments, having clear and specific criteria is critical for success.

Key Questions to Ask YourselfProperty Cash Flow: Will the property generate sufficient cash flow to cover the monthly payments, taxes, insurance, and other expenses?

They will likely have the ability to generate them.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

If you love property management and want to start a business keep looking into it.Otherwise keep buying income producing properties to generate wealth.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

Renting could allow you to focus on paying down debt and saving for a larger down payment, while buying now could help you start building equity or even generate passive income through house hacking.