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...
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing