Just getting into real estate and was wondering if anyone here has ever or currently does anything with rental properties? I grew tired of reading about mobile homes for $1000 and $1500 in the paper every week and have decided to try a couple. The average rent around here is $350 for 2 bedrooms. I have a deal worked out for 2 three bedroom mobile homes (which go for $400-$450) and 1 two bedroom mobile home for $3000, I will be make my money up in like 3 months.
-
-
Where do you live?
I got some friends with a lot of experience in this field.
G
gavin at adult-ventures.comBusty Amateurs is Back - Meet the Girls | Read the BLOG | See the UPDATES
High conversions and high retention, almost 1000 hosted galleries 995 PAYS
Samples Big Boobs | Busty Babes | Strap Ons | Hardcore | Amateurs | Videos -
hmm i never considered mobile homes, you have a lot for them?no sigComment
-
I know some people who have made a killing doing this.
Just need to me in a tornado state though that has lots of mobile homes lolComment
-
This is probably on the level of me buying houses in the cracked out neighborhoods here where I live.
Never thought of exploiting poor whites as well...thanks for the idea
Comment
-
I didn't know you could buy a "home" for under 3k lolComment
-
$3k? Must be a real shithole trailer... A NEW one costs like $50k for 3 bedroomsComment
-
there are a couple of trailor parks here in this small college town that a lot of students get. Their parents will come in and buy them up and then resell them in 3-4 years when they leave town. Could be some money in it for sure depending on what type of people you will be having there and how good everything is.Comment
-
sounds great on paper...but i got a few friends that RENT...and those mofos are late with rent if they have any at all..always stuff breaking down in units...and they can live there for free for a few months before being evicted...not to say all renters are bad, but from sounds of it your not exaclty going to be renting 4 bedroom colonials ;)Comment
-
have flipped 7 properties this year so far with the wife, it helps that we own a title company, but we got no time for being landlords. There is money in any form of real estateComment
-
[QUOTE]Originally posted by gdog
[B]Where do you live?
North LouisianaComment
-
Come one Come allOriginally posted by candyflip
Never thought of exploiting poor whites as well...thanks for the idea [/B]
Comment
-
I plan on getting into houses after I get a good income coming in from mobile homesOriginally posted by detoxed
$3k? Must be a real shithole trailer... A NEW one costs like $50k for 3 bedroomsComment
-
I will be happy if they rent for a year but the way I figure it this is saver than spending 50 grand for a house that makes me 600 a month. Takes to long to get your money back that way.Originally posted by iforgotmyscreenname
sounds great on paper...but i got a few friends that RENT...and those mofos are late with rent if they have any at all..always stuff breaking down in units...and they can live there for free for a few months before being evicted...not to say all renters are bad, but from sounds of it your not exaclty going to be renting 4 bedroom colonials ;)Comment
-
wait till they start missing payments, your gonna love thatOriginally posted by sillysillyme
I will be happy if they rent for a year but the way I figure it this is saver than spending 50 grand for a house that makes me 600 a month. Takes to long to get your money back that way.
Comment
-
Agreed it will be a pain but I do not have the income or credit to tie up a lump sum like that.Originally posted by Veterans Day
wait till they start missing payments, your gonna love that
Comment
-
I never thought about renting out mobile homes. Condos have jumped so much, it's tough rent them at a profit after mortgage, condo fees, taxes etc.
~ 300+ FHGs, 100,000 pics to use plus a rockin' Video of the Day download! ~Comment
Comment