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Updated over 7 years ago on . Most recent reply

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Jason Britt
  • Lexington, TN
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Newbie from West Tennessee

Jason Britt
  • Lexington, TN
Posted

My name is Jason Britt and I'm from West Tennessee.  I just finished Brandon's book "The Book of Rental Property Investing" which I really enjoyed.  I am a land surveyor and own my own business, so I guess you could say I do alot of driving for dollars.  In just the past couple of weeks I've seen around 10 houses that look abandoned and they kind of interested me.  I am one of the people that Brandon talks about in his book that is on the fence, but I really what to take the leap and do this.  I want to do this of course for financial stability in the future.  Of course I have fears, mainly, what if I can't find renters.  There are people I know and it seems everything they touch turns to gold.  I've never been much of a risk taker, but I want to change that.  As of yesterday, I had a guy tell me he had 3 mobile homes on 5 acres that he wanted to sell, he said he's moving and doesn't want to keep them.  All 3 are occupied, and the rent on the 3 are $380, $400, and $450.  He told me he'd sell them to me for $28,000.  It sounds like a good deal to me of course there's several questions I need to ask him.  Just curious to what some of your thoughts are about this.  There's actually alot of room to add more mobile homes in the future.  I don't want to just rent mobile homes, but I thought this might be a good way to get started.  Like I said, it sounds good, but that's when the negative voice from inside says, don't do it.  I apprecitate any feedback.  By the way, I really love this site, I could sit and read on here all day.

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