All Forum Posts by: Blake Bittner

My dad has a 8 acre parcel he is giving me a super good deal on. I have about $25,000 saved I was thinking about starting a trailer park.

I was gonna buy the property from him for $40,000 I would put down 3%, pay 8% interest for 10 years and then take out a $30,000 loan from him with 10% down payment with 8% interest for 5 years. I found 3 nice trailers for $10k each. He would help me start off by getting me all the permits and paying any extra fees. Reason for the high interest rates is he would give me my money back in the future as like he would be a savings account for me.

My total monthly payment would about $1,100 I could pull roughly $1850 off rent I’m not sure what would be my expenses yet.

The good thing would be I could also get a FHA loan through a bank on a duplex since this loan would be under the table through family

what do you guys think??

I grew up in the manufacturing industry with my dad owning a big mold polishing shop. When trump got elected we seen a huge uprising in the industry we hired another 20-30 guys and were able to grow a lot bigger with how much work we got due to all the work coming back from overseas. We are scared with the new President because his policies will hugely affect us especially his tax plan. I’m new to the real estate business, will we see a fall or rise in the market with the new president and his policies? Does he effect the real estate industry? I wanna here your guys thoughts.

If he does effect it and the economy drops which it definitely will in the mold making industry wouldn’t it be a great time to buy properties and invest and hold them till the market comes back up?

Let me know what you think!

@Victor So, no I don't plan on going to college I'm going to work for my dad at his business after high school. If I have to I am able to get a loan from him. Would it be possible to get a FHA loan on a house then a few months later pay cash for a house to flip?

I’m 17 years old I have about $22,000 saved in the bank I’m trying to learn as much as I can and I wanna buy rental properties. What do I need to do to be able to get a loan? would I even be able to start at 18?

I’m only 17 years old I’ll be 18 in 6 months I have about $22,000 saved I wanna get straight into rental properties . How should I get started?