You should have that as a benchmark in mind, since it offers a good return without any effort.

Compare offers from the lenders, paying attention to interest rates, closing costs, and any penalties.

Last but not lease, start writing offers and don't get stuck in analysis paralysis. 

We then export this data into an Excel spreadsheet to review metrics such as average occupancy, daily rates, and annual revenue for that specific property type and location.We'll also look at the top-performing properties in the area and analyze the amenities they offer, their location, proximity to attractions/beach etc.

For future readers, many banks will offer an unsecured line of credit up to $25k.

I agree with Michael, probably need to make 100 offers per 1 accepted to find a good deal. 

It all started when my wife's college friend offered me an opportunity to invest in a commercial property.

If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.

I never put my time into finding buyers unless I had something to offer.

We offer 10% down on the purchase price and fund 100% of the rehab.