I might even get into mobile homes as I have been reading alot about lonnie deals.

The properties are side by side mobile/land properties --- 4 properities from lake with lakeview from front porch.

These including mobile homes, mobile home parks, rehabbing and flipping, etc.

Hey guys,

Ive been lurking around this forum for a while trying to glean some knowledge until now. I figure that I'm in a perfect position to either make a ton of money or lose it all, and it might as well be a an ex...

The 2010 P & L is:Ordinary Income/ExpenseIncomeUnit Purchase28,995.43 Soda102.28 Misc2.00 Application Fee425.00 Rental Income94,713.60 MH Down Payment350.00 Late Fees Income6,372.97 Total Income130,961.28 Gross Profit130,961.28 ExpenseApplication Fee Charge125.00 Eviction(377.83)Deposit Refund640.00 Appliances150.00 Dues and Subscriptions110.00 FeesEviction960.00 Fees - Other1,359.17 Total Fees2,319.17 Insurance Expense2,139.00 Interest ExpenseUS Bank Line of Credit474.29 Mobile Manor13,516.79 Interest Expense - Other1,684.07 Total Interest Expense15,675.15 Miscellaneous(36.00)Professional FeesLegal Fee422.00 Total Professional Fees422.00 Repairs and MaintenanceElectric1,790.50 Plumbing1,055.00 Repairs & Maintenance5,472.40 Yard Care2,751.12 Total Repairs and Maintenance11,069.02 Subcontractors45.00 TaxesProperty TaxesProperty Taxes8,822.86 Total Property Taxes8,822.86 Total Taxes8,822.86 UtilitiesElectric1,193.33 Electric/Water1,667.13 Gas909.07 Sewage28.66 Trash170.34 Water(1,406.37)Total Utilities2,562.16 Total Expense43,665.53 Net Ordinary Income87,295.75 Net Income87,295.75 The current owner raised rent in July of 2010 so I am thinking it is not completely reflected in numbers.

I could drag this out and double or triple my investment, but it would take longer than I like on a mobile home.

I did a redevelopment phase that basically froze everything in a mobile home park that was in a flood plain, stopping anything on the exterior or on the property from being improved and in a short time, the city took the property and turned it into a park behind a new firestation.FEMA can also limit improvements and amounts of insurance coverage.

How much is it worth to learn ways to get a higher return from your investments.I have learned a great deal here about note investing, mobile home park investing and how to look at a commercial deal.I recently put what I learned to use and purchased my first commercial property and will be refinancing into an SBA 7(a) loan.

You might want to start with mobile homes to build up some funds to work with.

Last month I did 9 properties, 2 land owned mobile homes, 2 condos, 1 vacant lot, 1 duplex, and 3 single family houses.