Hi everybody !!
First off I gotta say I’m so happy and very grateful to be part of this amazing community.
I started getting obsessed with bigger pockets last year and I sold my condo in Florida to start investing. since then I bought a mobile home park (thank you @brandonturner) for 100k put few thousands Into it and now it brings $4000 monthly. (Pretty proud of that deal) and I bought a manufactured in a beautiful scenery in NC. I bought it cash because it didn’t have foundation so I had a great price. Had foundation built now it’s worth double and I rent it out $1500 monthly.
Yayyyy!!! All thanks to bigger pockets. But now I’m stuck. My rental business is only a year old therefore it seems I can’t get a bank loan before I get two years of tax return.
Any savvy experienced investor could suggest solutions I might have not thought about ?
So far I’m thinking I either have to wait a whole year to make more moves or I have to sell the manufactured home and maybe put the 150k I get out of it as a down payment for a multi family building.
What do you guys think ?
Thank you for your suggestions.