Based on rent of $1,695, I think you'll be lucky to get an appraised value of $160k with a CoC return well under 2%.

I am brand new to wholesale and would like to know what you did to motivate your first prospect to trust you with the whosale strategy and process.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Welcome to the party!

I work with an auctioneer who is selling a 103 unit hotel at auction in the southeastern part of the US.

I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?

To attract investors, offer incentives like high cash flow potential and tax benefits, and structure the deal with clear legal terms and contingencies to minimize risk.Good luck!

With the amount of support they provide I am not against settling for an 8/10 deal. 

There are 4 Single Family Homes built on the site. 2 are built-to-sell and 2 are built-to-rent.What made you interested in investing in this type of deal?

I work with a builder that is constructing 2-4 units in Fort Wayne.