Rental and Cashflow Property - Management, Strategies and More

Mobile Homes who wants to buy one of those?

Most people and investors always say to me " you invest in what???" I tell them proudly Mobile Homes.

The reason I can proudly say that is because I can make almost as much on a small MH deal as most people can on a fix and flip deal.

Plus I'm making between 300-600% ROI on my money.

Is that possible?

I wanted to start a new post that can show you how to make crazy money with mobile homes.

Here is how:

I buy homes for free-1500. These homes are older, although I just finished a deal that was a 1995 home double wide I bought for $1500.

I put about 3K in rehab into them. This is flooring, paint, new tub surround, and sometimes granite counters. Used toilets, appliances, light fixtures, etc.

does anyone know of a national 3rd party servicer that will collect rent and disburse payments to the Lender. i'm talking about in a L/O, Land Contract or Sub To situation so that you can make sure the Lender gets paid and the Seller doesn't keep the payment and never pay the Lender. thanks!

Does anybody have a form letter that politely tells your tenants that their rent is going to increase?

Hi Every one.
I am a newbie in REI. And I just made a mistake on my first deal. Actually, this is still a good deal. I put 8 rented properties under contract which generate $54,000 per year for 150K. The cash on cash ROI is 30%. But I can't sell it. I don't know why. Everything is good even though the neighborhood is not good much. But the houses have tenant in there and they are never late in payment. They have been there for over 2 years and want to live there for long time. What did I do wrong in here?

Every one can be a landlord, Kansas City, MO, 5K down payment, take my mortgage and become a landlord.

We are the new landlords of a 5 unit multifamily property. We now have it completely rented out, which is great. The problem we are facing is that our tenants are piling garbage, BBQ's Xmas decorations, Bikes, etc outside their doors. We cant even get in to mow with all their junk piled up. Does anyone have a tactful letter they have used or a way to stop this from happening again.

Thanks!

Micheala

Hello,

I recently posted about collecting rent when living out of state from my rental properties. I have been researching some online rent payment systems. Does anyone have any advice or first hand experience with this? They seem like a great step for me to take because I own a great deal of property.

Any advice would be helpful, thank you!

i know in units of 4 or more there is a formula for determining value called the income value or approach.
i can't remember how it's determined and i know it's on this site somewhere. can someone help me find what i'm looking for? i need to present offers on multi unit properties and need to be able to assess value.
keep moving forward, rob

Hello Fellow DG'ers.

I was wondering if anyone had a better understanding of the QE that the FED is doing on real estate prices.

I have a townhouse 3 br / 3.5 bath in santa clara.
Loan Left $390K. Market Value North of $610K. I was wondering if it is a wise decision to sell the house at this time and rent for 1-2 yrs to buy a single family for primary residence.

I have an investment property in fresno which is cash flowing 600$.

Thought is to use some equity after selling the townhome to buy 2nd investment property which will cash flow the same.

Please help with your comments.

Regards,
AJ

A broker sent me a property that has 6 units with a purchase price of 1,350,000. 4 of the units are at tenants at will, one of the tenants move out next month and the other moves out in 3 months. Based on the rent they are paying, and the expenses the seller provided me I have an NOI of 74564. There's is no mortgage on the property, but I would either use private money or seller financing to buy the property. I want to be able to get financing and at the same time have enough money cash flowing in each month. What should my payments and interest be every month in order to keep cash flowing.

I don't know if I calculated this right but I would have to own this property for at least 30 years to pay this property down and keep cash flowing.