All Forum Posts by: T Davis

My update to the question doesn't seem to be posting.  I wrote this post while I was half asleep so thank you so much for the response! 

3 Bedroom. 2 Bath. 1232 square feet. Storage and deck. Roof less than 10 years old. Comps are difficult to find but owners let us know a home in their park sold for 38.5 in October with no storage and deck.

Hello All-we have considered putting a mobile home under a wholesale contract in Hutchinson, MN. The home is owner occupied and not in need of major repairs. It appraised for 40k. They're asking 38. We don't see the wholesale opportunity but are out of state and don't know the area.  How much does a newly renovated mobile home go for in Hutchinson, MN?

Hello All! My husband and I are starting a new job as on-site property managers. We are compensated via the cost of rent but our unit is not ready to move in. Our company wants us to start getting to know the residents weeks before the unit is ready but has not made mention of compensation to do so. 

What should we expect in a scenario like this where compensation is concerned?  We are scrambling to find somewhere to stay for 2-3 weeks as a result and pay unexpected out of pocket costs to do so. From both sides, how would you approach this situation?

Thank you both for the tips!! @Bruce Alston I would say that's our goal with wholesaling-increasing our liquidity in order to diversify how we invest. @Jennifer Boren we just found Jerry Norton's program and thought it was amazing.  We have not purchased it yet a kick in that direction is helpful!

The challenge we're having is when we run into obstacles we really don't have the immediate hands on to sort of shop our deals with us.  When you pick up a cantaloupe at the grocery store, you can smell it, feel how firm or soft it is, press the navel.  You're going to investigate the quality of the fruit- you're shopping for the right cantaloupe.  If we have no way of talking to anyone-and just a program, modules or software-is most of getting started just winging it if you don't have a direct coach or mentor?

Hello Everyone! Jay and I are new to REI and are very glad we've found this forum! We are just getting our feet wet while working to contract and close our first deal. Our start plan is through wholesaling and then progressing to our first fixer upper being our own home in Los Angeles.

We hope to grow a portfolio of commercial and residential rentals across the US with a focus on CA, TX, the DMV, LA and GA.

One question I have is-would you recommend starting a coaching program?  There are SO many!  The ones we've run across seem pricier than necessary but we completely see the value.  Any recommendations of important first steps (no matter what they might be)?

-T