All Forum Posts by: Hugo Aguillon

great job!

In my area builders are buying the lots and selling homes before the house is built. However, you need a large amount of money to buy quantities of land and build in the areas being sold. I can buy a lot and build but it won't be in the area people want to be and the house would be on the market longer.  Hopefully in the near future I will be buying these large quantities of land to build and sell.

I agree with Justin. Invest your 5-10k into his flip and gain a percentage out of it while gaining more knowledge. Your money will grow enough where you can flip on your own. I would let you invest if i were him. Good job in starting out young!

Hello, 

I am looking into buying 7 lots and would like to put mobile homes as quickly as possible. Before I do decide to buy the lots, can i get financed for 7 mobile homes? Would any bank work or are there specific banks for mhs... And last question, can you finance the house to the buyer even though you owe on the home?  

any help is appreciated!

The best way to start is going to your lender and applying for the loan. Get all the information they ask when applying or get pre qualified to see if there is a certain max amount you can get. Depending on the type of loan, minimum credit score can range between 580-640(also depends on the bank/lender). Good luck!

Im sorry maybe i didnt understand your post. You just updated your home correct? if so, do you have any pictures?

congratulations, do you have any before and afters?

It all depends on how long and how much you want to pay on your loan. I would prefer a shorter term loan with a smaller interest since the home is not too pricey (if you have the bigger down payment). I would try to have less debt to get out of quicker and have equity for other investments. Again, as long as the deal is right. Make sure the house has no liens and there isn't some big fix coming up on the home.  

Good Luck!

I would try to stay local and better rates. 

Looks like the seller made his money back in rent and wants to sell now. By not looking at the property it does sound like a good deal. I am sure you can get inexpensive insurance on the home and by you managing it yourself you will make more money. I would try to get a lender instead if the deal is right.