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  1. D

    Preparing for the next housing decline

    REAL ESTATE 
    This is the best time to buy. People will be kicking themselves later for not buying now. I just pick up a mobile on land with a ROI of 70% I bought two houses where I'm getting 40% ROI. Here is the kicker,none of these deals are leveraged. I'm getting those kind of returns on all cash...
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    U.S. Apartment Vacancies Hit 23-Year High of 7.8% (Update1)

    INVESTING 
    This is why I don't buy apartments.I know many people like them for investments,but I do not. People around here want privacy and backyards. Apartments are last on there list. 1.Houses 2.Mobiles on land 3.Apartments
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    The roommate and possible business partner??

    Jerry springer here we come.
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    Not sure what to do here...

    I would not do it if it was me. I value my privacy way to much and to many things can go wrong with a roommate. It would not be worth it to save a extra $500 a month. If it was just me without the girlfriend then I might do it. I also think its a age thing, roommates are cool when your younger...
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    Tough decisions to make.....

    REAL ESTATE 
    I agree with Russ. What you have is not staging. I went out 5 years ago and bought a wicker chair and big wicker mirror. I also bought large fake inside trees and nice throw rugs and many more things. I took my girlfriend with me because I'm not good at things like that. It cost me 1k and I use...
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    Tough decisions to make.....

    REAL ESTATE 
    Do you stage your houses. I stage them all and it makes a huge difference. I just sold one at full price with in 10 days on the MLS. There are many other houses on the market around here for the same price that have been not selling for months. They are not staged. We are in a real bad market...
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    Congrats Proud Papa - JScott

    OFF-TOPIC 
    Way to go, It is the best feeling in the world.
  8. D

    Happy Birthday, Lamboman350K!

    OFF-TOPIC 
    Happy B-day
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    If you could go back to being 20...

    Be more of a hound dog. I passed up many woman because I was a nice guy. The women then went out and found a not so nice guy and did the do. I would have more confidence in myself with women. When I was in high school, I was in love with a girl named wendy abbott. She did not know it, I went...
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    A pig in a poke

    REAL ESTATE 
    I pay two women to mail out a flyer I made up years ago directed at mobile home owners. They mail out 1000 flyers twice a year to the same area. Every mailing nets me 1-2 deals. It has never failed me. The land is only a 1/4 acre so I can not add more mobiles, but tenats love the space. It is...
  11. D

    Happy Birthday DHappy

    OFF-TOPIC 
    Thankyou guys, What a surprise. I have been working on that mobile and have not had time to go online the last few days. I would of never thought in a million years I would see this. It just proves that its the little things that make you the happiest and how great you guys are. You made my...
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    A pig in a poke

    REAL ESTATE 
    J scott, I would love to do that,but around here with the cost of the used mobile and to move it and permits it would be 12-15k. Also the county would come out and sniff around the septic tank and tell me it needs to be replaced for the newer mobile. It is like opening up a can of worms. Tie...
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    A pig in a poke

    REAL ESTATE 
    I have bought a couple houses and mobiles before without seeing the inside. They were great deals so I took a chance each time and was lucky. Not this time,I bought one friday on land for $7500. The owners live in canada and got the mobile through probate. There never been to it or had keys. The...
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    Flipping Mobile Homes

    REAL ESTATE 
    J scott is dead on. Most people around here start out asking 15-25k for there mobiles and I just sit and wait for the blood to rush back to there head. There motivation will change in time. The biggest drop I ever got on a mobile was when the seller was asking 15k. He had moved out of state. He...
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    Mobile Home / Trailer Investing - Interview

    REAL ESTATE 
    Thanks phxMJ, I thought I had been to every mobile home site there was. I was wrong again, I never heard of him or this site. It was a great interview and new place to visit.
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    Revolutionary

    Have you ever noticed that most commercials use this word to try and sell there stuff. When will they start saying information age to move there junk?
  17. D

    Mobile homes as revenue properties...

    REAL ESTATE 
    Way to go,thats great. They are fun and easy. You Almost feel like your stealing. No fix up,that is cool. Next time try doing a little fix up and go for a longer term. When I first started I was uneasy about going for any longer then 24 months. I thought they would not go for it. After a few...
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    renters really are from another world

    REAL ESTATE 
    It does not matter if you rent or own."People are People" Some are good and some are bad.
  19. D

    renters really are from another world

    REAL ESTATE 
    L/O are about the same as a standard rental. I have done both and have not seen much difference in the outcome. I guess I'm different then most LL,because I don't think location,location,location is the name of the game. I think realtors made this up to get higher commissions. If you want to...
  20. D

    Section 8

    REAL ESTATE 
    I don't like nice areas,they don't cashflow. The kind of area you are talking about is where your real money is made in rentals. All the REI books teach you the same thing, buy in a great area and get a 30 yr loan and cashflow $100-$200 a month. That is a long nightmare. I buy with all cash...

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