That's why a lot of cities and counties don't want any more mobile home parks now a days, as the parks are typically large drains on education, water utilities and the city/county sees very little back in the form of property tax because they can only tax the land not the homes as the homes are mobile.

I am graduating from college this Spring and am looking to get into a market (either Minneapolis, MN or Des Moines, IA area) to start acquiring multi-family properties to BRRR.

My broker brought me a deal for a Tri-Plex , I’m wondering if you all think it’s worth pursuing.Here’s the breakdown.Purchase = 200kRehab = 20k2 units rent would bring in $750ea1 larger unit would bring in $1000Not a lot of property maintenance in terms of landscape.Estimate on Water, trash would be $200Estimating 5% vacancy costI would not be using a property management company to start.The ARV would be apt 300k.Thoughts on this deal?

FYI: after strapping the pipe leak, the water is not flowing fast affecting other people in the lower floor.Thanks

With a VA Loan you may purchase a Single Family Home or Multi-Family (4 units max); I personally purchased my home in Colorado Springs, CO a little over 2 years ago using a VA Loan and approx. $1,600 down payment.

And invited me to his Christmas party talk about a duck out of water..

Doing very well, expenses very low, paying property taxes, water and sewer.

Investment Info:Large multi-family (5+ units) commercial investment investment in Big Spring.

What I see is them bolt through the asphalt shingles and typically do not even apply anything (caulk) to water seal. 

I can bring a Horse to Water but I can't force him to drink!