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12 May 2020 | 21 replies
Cash flow would of course be nice, and who knows, maybe I'll venture deeper into real estate investing, but that is not at all my primary concern.Thanks ahead of time for any and all information!
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11 May 2020 | 2 replies
Then where you decide to live, go ahead and house hack ideally a 2-4 unit property.
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11 May 2020 | 2 replies
If you are borrowing any portion of the money (aside from the HELOC) for your rental, it will be a different story- it's not quite a straight forward to own an investment in an LLC.
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14 May 2020 | 10 replies
Here to help, and best of luck on this exciting journey ahead!
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11 May 2020 | 4 replies
If you really have to have the initial few hundred in cashflow right now then go ahead and go to MW but I’d still recommend buying your first one where you live.
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11 May 2020 | 8 replies
I found a good article about mobile homes which I thought was very interesting:https://www.biggerpockets.com/blog/invest-mobile-homes-less-than-25kOr just go straight for them all: https://www.biggerpockets.com/blog/category/mobile-homesGood luck!
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13 May 2020 | 8 replies
There are so many variables, its difficult to give you a straight answer but on face value it feels like a very Thin deal.
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11 May 2020 | 4 replies
If you’re high in reserves, I would go straight to vinyl flooring.
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3 June 2020 | 2 replies
On a serious note, if this is your 19yr old days pat yourself on the back, your so much ahead of the curve, and just keep on keeping on, really that's the most important thing because most are doing the first listed scenario.
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15 May 2020 | 15 replies
Hi Antoinette,You might want to think about talking to the owner about buying it (maybe with a land contract instead of a loan).The owner might want a quick easy sale vs. having a rural place on the market when who knows what will happen to prices after COVID.If he sells it to you like that, you might both want to consider getting second jobs and getting many payments ahead with him (vs paying down the principal) because we in the USA may be facing some unemployment issues for a while (a while) and jobs in rural areas can be scarce at times.If you choose to do this there is probably a local attorney who can do the paperwork and etc for you (either you or the owner can pay the attorney)...