anyone do real estate? - GoFuckYourself.com

sillysillyme · 11-09-2004, 10:33 PM

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.

gdog · 11-09-2004, 10:39 PM

Where do you live?

I got some friends with a lot of experience in this field.

G

gavin at adult-ventures.com

Wiggles · 11-09-2004, 10:43 PM

hmm i never considered mobile homes, you have a lot for them?

Moose · 11-09-2004, 10:44 PM

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 lol

candyflip · 11-09-2004, 10:44 PM

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

xNetworx · 11-09-2004, 10:45 PM

I didn't know you could buy a "home" for under 3k lol

detoxed · 11-09-2004, 10:47 PM

$3k? Must be a real shithole trailer... A NEW one costs like $50k for 3 bedrooms

Sosa · 11-09-2004, 10:48 PM

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.

iforgotmyscreenname · 11-09-2004, 10:48 PM

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 ;)

Veterans Day · 11-09-2004, 10:49 PM

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 estate

sillysillyme · 11-09-2004, 10:56 PM

[QUOTE]Originally posted by gdog
[B]Where do you live?

North Louisiana

sillysillyme · 11-09-2004, 10:57 PM

Quote:

Originally posted by candyflip

Never thought of exploiting poor whites as well...thanks for the idea

[/B]

Come one Come all

sillysillyme · 11-09-2004, 10:58 PM

Quote:

Originally posted by detoxed
$3k? Must be a real shithole trailer... A NEW one costs like $50k for 3 bedrooms

I plan on getting into houses after I get a good income coming in from mobile homes

the Shemp · 11-09-2004, 10:59 PM

sillysillyme · 11-09-2004, 11:00 PM

Quote:

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 ;)

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.

Veterans Day · 11-09-2004, 11:02 PM

Quote:

Originally 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.

wait till they start missing payments, your gonna love that

sillysillyme · 11-09-2004, 11:04 PM

Quote:

Originally posted by Veterans Day
wait till they start missing payments, your gonna love that

Agreed it will be a pain but I do not have the income or credit to tie up a lump sum like that.

KCat · 11-09-2004, 11:13 PM

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.

11-09-2004, 10:33 PM	#1
sillysillyme Confirmed User Join Date: Jan 2004 Location: La La Land Posts: 156	anyone do real estate? 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.

11-09-2004, 10:39 PM	#2
gdog Confirmed User Join Date: Aug 2004 Location: San Diego Posts: 1,550	Where do you live? I got some friends with a lot of experience in this field. G gavin at adult-ventures.com __________________ Busty 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

11-09-2004, 10:43 PM	#3
Wiggles Too lazy to set a custom title Join Date: May 2004 Posts: 14,423	hmm i never considered mobile homes, you have a lot for them? __________________ no sig

11-09-2004, 10:44 PM	#5
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,064	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 __________________ Spend you some brain. Email Me

11-09-2004, 10:49 PM	#10
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	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 estate __________________ Build a Massive Traffic Network, Hands FREE, Totally Automated

11-09-2004, 10:44 PM	#4
Moose Confirmed User Join Date: Feb 2001 Location: Here Posts: 1,548	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 lol

11-09-2004, 10:45 PM	#6
xNetworx So Fucking What Industry Role: Join Date: Jan 2004 Location: Whore Island Posts: 14,445	I didn't know you could buy a "home" for under 3k lol

11-09-2004, 10:47 PM	#7
detoxed vip member Join Date: Jan 2003 Posts: 17,798	$3k? Must be a real shithole trailer... A NEW one costs like $50k for 3 bedrooms

11-09-2004, 10:48 PM	#8
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	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.

11-09-2004, 10:48 PM	#9
iforgotmyscreenname Confirmed User Industry Role: Join Date: Nov 2004 Location: ONLINE Posts: 198	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 ;)

11-09-2004, 10:56 PM	#11
sillysillyme Confirmed User Join Date: Jan 2004 Location: La La Land Posts: 156	[QUOTE]Originally posted by gdog [B]Where do you live? North Louisiana

11-09-2004, 10:59 PM	#14
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	__________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

11-09-2004, 11:13 PM	#18
KCat Confirmed User Join Date: Sep 2002 Location: PNW Posts: 2,204	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! ~