All Forum Posts by: Grant Rothenburger

@Danitra Wynn Good choice with Cleveland, good place to invest.

@Brandon Johnson

If you're not sure about the ARV, get sure. Then make a decision. You can ask a realtor for comps, especially if you find a nice one on here.

@Kevin Moules Thanks for sharing with us, looks like fun!

@Brett Lowrey Sounds like you may need to look a little farther out and make a good guess.

Are you saying you are going to flip it, or sell it as it sits?

@Mike Zhou Definitely call the police and ask them about the property and tenants.

@Kory Quitter

Typically you'll have to pay 20-30% down and that's where a lot of investors stay. 70-80% LTV is decently safe, assuming you're cash flowing and have adequate reserves. This keeps you relatively protected from negative equity in a downturn.

@Tony Marcelle If you figure it out, please share

@Eli Miles I agree with some others, attending local meetups and talking with active investors will go a long ways for knowing your market better.

@John Kwon

I like the idea @Mike Reynolds had of Airbnb-ing them more than owning a park. I'd also try building them and selling or heck if used ones are on the market flip a tiny home! I'd do any of those before owning a whole park of them, unless it was also an RV park or mobile home park.

Okay not being sarcastic here, and it's a little off topic... But I'm curious. Why do you associate "realtor" with a female? OP said realtor and you said her and she. Could be a dude. I'm not social justice warrior-ing here at all, just curious because I did the same thing. Then I had to look back and realized he never said what sex the realtor was. Weird. I have no clue why I would automatically go female when realtor is mentioned.