Mobile Home investing with my brother
So, my brother wants to get into mobile home investing, which I thought was a little silly but being a doting sister, I was completely OK with helping out.
I just ran the numbers on a deal I found for him and I am downright boggled at the returns. For a brick and mortar house, I consider $300 a month cashflow to be pretty darn good- this thing should turn out about $550 a month cashflow.
Holy mackerel!
I always knew my little brother was smart but this time I think he might have outdone me. Whew!
In other news, work goes well with the database and I should be able to get back to my real job soon. The Birmingham multifamily properties are still available, which I find a bit shocking, but with the amount of interest they've generated, they aren't going to be around for long.
There's about a dozen other really great properties I need to find the time to post, but right now, I need to focus on getting the foundation of the business set up correctly. Darn it.
Comments (2)
Thanks @Brandon Turner, I'm about to do an update on the first home! By the way, I love the podcasts- a lot. It's all I listen to when I'm on MomWagon duty.
Shannon Grace, about 13 years ago
Nice! Yeah, I hear good things about the cash flow you can get in Mobile homes. Thanks for the update Shannon Grace!
Brandon Turner, about 13 years ago