All Forum Posts by: Carey Edmund

@Jon Holdman 

Thanks Jon! I'll reach out to the neighbors today.

Hello All

I just pulled up to my rental property and saw a family looking around the outside of it. I ask them if I could help them in someway and they tell me they have been speaking to the owner via email about renting the property. I tell them I am the owner and I haven't been corresponding via email with anyone. I ask them to show me the email and what I gather, from the little Spanish I understand, is some scam artist is trying to get them to mail a deposit. I tell them not to do it because it is a scam. What do I need to do moving forward to get ahead of this. As usual, thanks in advance for the great advice! 

@Sam Parkins 

Thank you Sam for running me down the worse case list. Your breakdown was just what I needed to see. It actually made me feel a lot better about moving forward. 

@Lee Richter 

Thank you for the encouragement and the great advice. I want to get a couple in the metroplex before venturing too far out. I want to make sure I have a strong foundation and understanding in order to minimize my risk.

@La Nae Duchesneau 

I agree whole heartily that not doing anything is truly the worse case scenario. I am ready to continue the steps toward financial freedom it's just a question of which vehicle is the right next vehicle for me. I am a big believer in buy and hold and flips but applying that to mh investing seems crazy because I was alway taught (by non RE investors) to stay away from them

@Jim R. Thanks for the reply! How do you feel about this as a next step in RE investing? I currently have one sf rental and am trying to figure out my next move.

Hello All,

I am considering mobile home investing as my next real estate step. The forum post have been enlightening but I am looking to have one big question answered. What if I own a mobile home outright and everything goes wrong? I can't sell it, can't rent it, and don't care about the money, what do I do? If I own it outright I can't turn the keys in. Do you just give it away? I am asking this because I really don't understand the MH investing space and I look at this as the worse case scenario. Thanks in advance for the responses!

@J Scott  I would like to build my own pipeline of leads over time and I wanted to give potential inquirers something to reference. Do you think that is a waste of money and time at this point?

Hello BP!

Does it make sense to pay to have a website built for the flipping side of my investing company? I am buying my first flip next month and wasn't sure if it added credibility to the process. If so, should I have it built or build it myself? Any recommendations regardless of building it myself  or having it built?

Thanks

@Anthony Armstrong 

Welcome to BP. Let me know if I can help in any way. I am new to the process so my help is limited but worse case scenario you can have an additional sounding board.