• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

Real Estate Single Wide on 2.5 Acres

Discussion in 'Real Estate Investing' started by AroundTheWorld, Nov 2, 2007.

  1. AroundTheWorld
    Offline

    AroundTheWorld Be in the Moment Speedway Pass

    Messages:
    2,909
    Likes Received:
    1,839
    Joined:
    Jul 24, 2007
    Gender:
    Female
    Location:
    .
    Rep Bank:
    $4,720
    • Single Wide on 2.5 Acres
    • Property in a subdivision of 10 lots - each has a trailer or modular home
    • No restrictive covenants
    • No zoning
    • Property fronts busy Highway
    • Middle Income subdivisions going in in surrounding areas
    • Area of growth
    • Listed for 200,000 - worth 200,000 in it's current use
    • 5 miles from a mid size town and 2 miles from a small town

    Where is the opportunity here?
     
  2. reipro
    Offline

    reipro Contributor

    Messages:
    156
    Likes Received:
    42
    Joined:
    Sep 27, 2007
    Location:
    Lincoln, NE
    Rep Bank:
    $71
    The opportunity is to by all 10 lots and demo the trailer park and put something else there that has a higher and better use
     
  3. AroundTheWorld
    Offline

    AroundTheWorld Be in the Moment Speedway Pass

    Messages:
    2,909
    Likes Received:
    1,839
    Joined:
    Jul 24, 2007
    Gender:
    Female
    Location:
    .
    Rep Bank:
    $4,720
    Oh, love this response REIpro. Thinking big!

    Of all the deals I posted so far in this section, this one was one of my favorite deals... (these are all deals we have either looked at or done)

    Finding a property that is not currently highest and best use and converting it to such is a great value play...... a great way to create money.

    In the case of this particular trailer house, we converted it to self storage - greatly increasing the value of the property.

    Fun stuff!
     
  4. kurtyordy
    Offline

    kurtyordy Bronze Contributor

    Messages:
    2,376
    Likes Received:
    275
    Joined:
    Aug 28, 2007
    Location:
    PA
    Rep Bank:
    $235
    put 10 mobiles each on 1/4 acre sell the mobiles and rent the land.
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page