Updated about 5 years ago on . Most recent reply
Modular Duplex Development
Hi, my name Pam Swanigan from Niskayuna, NY, a new real estate investor with 1.5 deals under my belt. My first deal was a wholesale to a contractor I had been working with to help me evaluate properties which I find by "driving for dollars". Currently, I'm 2/3 thru completing a full rehab on my first flip which we intend to sell. BTW, this first flip has been an excellent learning experience -- it was and estate sell, house had standing water in the basement for over seven years. It's a 1950 Cape - with strong bones and it's slowly coming back to life.
1st Lesson Learned: Don't choose a full rehab (gut) as your first flip. Great learning experience though.
As a result of this rich learning experience, I have begun to explore the possibility of building duplex and triplex modular homes to hold and rent. Do you know of any articles, books or webinars, etc... to learn more about this specific business model. Also, please share any words of wisdom to avoid the challenges and benefit from the opportunities.
Thank you for sharing...