All Forum Posts by: Landon Belk

Does anyone know a rough estimate of costs to create 1 lot for a mobile home? For example, if you were buy a single family house located on fairly spacious lot, and you wanted to place a mobile home on the extra space with the intention to rent it out? Has anyone done anything similar?

House flippers! How many houses do you generally flip per year? I'm sure it varies but what are some realistic expectations of yours? Are you doing it full time or do you work a side job? What kind of return is your goal from each flip? New to real estate but looking into the possibilities!

How much can I expect to pay for a 200 unit apartment complex? I understand that it depends on the market you are investing in but does anyone have a rough estimate? And how much would you expect in cash flow per year after making payments on the loan? Brand new to real estate and just looking at possibilities of investment goals many years down the road.

Does the housing market's amount of sales decline significantly during winter months? I live in southern Idaho where it's very cold and snowy and I'm concerned that it will affect sales if I decide to become an agent soon. Should I wait until spring so I'm not placed into a poor sales market with no experience?

I am considering becoming an agent as a way to help my future investing career. I'm in the dark about how newbie agents get started, however. I understand that after I pass a required exam I'll be able to apply at a brokerage but where does it go from there? Are the brokerages good at getting new agents going by giving them the proper training and mentorship? What can I expect after I apply? What is the process for the new guy/gal that signs up?

I'm trying to make a game plan to purchase anything from a duplex to a fourplex in order to house-hack it while making a little extra. I don't think taxes, insurance, or vacancy rates should be hard to estimate, but how do I estimate for possible repairs? How much do I need to be taking from the cash flow in order to prepare for unexpected repairs and maintenance? Is there a magic number for each unit? Do I need to account for age of the building? What about capex?