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Updated over 5 years ago on . Most recent reply

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Todd Payne
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Columbus, OH introduction

Todd Payne
Posted

Hi all, 

I'm currently a senior at Ohio State going into commercial brokerage after graduation. I am really interested in investing on the side. I was thinking since I'm not gonna start out with a ton of money from brokerage, I could start small like mobile homes, but my extent of mobile home knowledge comes from the one BP podcast from a couple weeks ago with Tristan Thomas. If anyone could point me in the right direction of where to start that would be awesome. 

Theres a lot of nuances to learn that I don't know enough about. Whether it be how to find a ton of comparable properties, how to estimate rehab/renovation costs, or even where to get the best contractors since I have no skills as a handyman. I'm excited to jump into this huge world of investing and the BP forums as well!

Most Popular Reply

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148
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Joshua Myers
  • Rental Property Investor
  • Columbus, OH
177
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148
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Joshua Myers
  • Rental Property Investor
  • Columbus, OH
Replied

@Todd Payne I think mobile home investing can be a good niche if you're a full time investor looking for immediate cash flow (or if you're investing in the park itself). If you're investing alongside side a stable job, there are better long term options. @Remington Lyman mentioned house hacking in good areas with low down payment loans. This is what 90% of investors wish they had done in their 20's.

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