Someone recently made a wonderful post about Medicare Premiums and how they can change if you invest in real estate at an older age.

For this to be possible at your age, you are able to have a parent co-sign and use their credit, income statements, etc.

No sub 2, no big leveraging, no “participations”  — if your aged grandmother doesn’t like it, or understand it, don’t do it.Mentors and gurus are not worth the money.

Second, the brokers who perform these are often brokers with a lot of time on their hands, so the pool of brokers are the LEAST successful and newest brokersThird, the brokers are not educated in the proper METHODOLOGY to perform a valuation.Look, if you as a broker run some comps where the subject property is a SFR in a “cookie cutter” subdivision and the subjects age, style, amenities, condition, are similar to the comps being used, you’ve got a fair shot at a pretty accurate valuation.  

Not knowing the exact age of the trailer there is secondary financing out there for buyers of land and older mobiles that have been moved previously- but it is usually more expensive. 

Differences (condition, bed/bath, age, amenities) are added/subtracted from the comps to determine the value of the subject property.

Congrats on getting into real estate at a young age.

Take an inventory by age of all of your equipment.

In our age of digital nomads, seems like a potentially lucrative endeavor.

Purchase price: $182,250 Cash invested: $73,000- Residential area that is close to University of Rochester- Spent $20K in renovation of the aged unit and increased the rent from $750 to $1,450.