All Forum Posts by: Joseph Ball

Gain much experience first. This is not a NEWBIE deal, despite what GURU's say. A NEWBIE deal that I recommend is 

1. Find a good quality 3/2 that you can buy reasonably from a motivated seller. Do your numbers carefully, to ensure you can positive cash flow.

2. Buy it, with your money, borrowed money, seller financing, chain letters LOL. Whatever it takes. 

3. Rent it. Learn the business. Repairs, rehab, management, valuation. Talking with people.

4. Sell it. Do this a few times, and you are ready to move up to more sophisticated things, like wholesaling.

5. I always recommend little deals. In my area, that is generally under $50,000. You can't lose much, if you miscalculate. 

Join local REIA, read books, drink a lot of coffee with like-minded people. You will make a lot of money overnight, (after a year or two).

And YOU TOO can make lots of money fast, no experience, no money. Just be a wholesaler. Anyone can do it! Get rich quick! Don't wait. Sign up now!

Patrick L. is correct. If financing, you will need to quiet the title.

I think you will find it to be about $5K for single wide; $10K double wide. Best advice: Call a professional mover. Permit will be needed.

You can use TTS, or wait 4 years. You can also convey by Quitclaim Deed, or Special Warranty Deed, without TTS, right now.

Start by buying a simple 3/2. Rent it, manage it, repair it, sell it, learn slowly. After you have done this a couple of times, you will be ready for next step. 

Real estate attorney is a good idea, but usually the Personal Representative is authorized to convey title.

Re-read what Jeremy Tillotson said. Forget the GURU's.

What color is the house?

Seriously, Scott Dixon is correct. Look at the comps. 

I buy most of mine at Habitat for Humanity. They have been tested. I recently saw dishwasher for $12, at my local Habitat. I bought a new one for $65.