We have $10k and no credit ?? where would you start ( CA / NC market )

5 Replies

Im in los angeles CA and i have the experience re habbing my partner is in NC and has the $10k capitol. 

I have been leaning towards Mobile home/lot/rentals. 

 We would like to hear any unique ideas strategies and or markets recommendations we can get on where to go from here as beginners. I am also 1/2 of the way through getting my CA BRE real estate license.  

Hey Christopher. Maybe you can further narrow down which niche you guys would like to pursue and in which market. I don't know anything about mobile homes, but I would bet that mobile home investing would be quite different in CA than NC. John Fedro writes some great articles on here about mobile home investing. Maybe you can read some of those (if you haven't already) to get a few ideas.

True, thank you for your reply, i have had my sights on single family in palmdale / lancaster california area.  Yet would love to hear any input from those who get giddy on putting in thier 2 cents :) 

this post did not catch that much attention but you have a great point of narrowing down my ?'s  

I was just talking to an investor a few weeks ago who told me about a big flipper he knew who got his start flipping manufactured homes. Its definitely possible. Just stay out of the "bad" parks. Also, I know that some people make small but consistent returns by holding and renting manufactured homes. Just make sure you check with the park first to make sure they allow rentals! Manufactured homes are neat because its much easier to find carry-back deals...

10k in capital isn't enough to do much in CA. I'd market and find deals with that, or find partners to combine some cash with.
10k in capital isn't enough to do much in CA. I'd market and find deals with that, or find partners to combine some cash with. I do have to admit I don't know much about mobile home investing, so you might be able to do something there.

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