All Forum Posts by: Matt Pine
Matt Pine has started 3 posts and replied 9 times.
Post: Any tips or pointers now that our offer has been accepted?
- Posts 9
- Votes 1
Thanks! That's great stuff!
@Catherine Emert I didn't really think about those types of questions at all! Please free to list off any and all questions you'd ask in our situation :)
Post: Any tips or pointers now that our offer has been accepted?
- Posts 9
- Votes 1
This is the first house we've ever purchased. I want to make sure I don't miss anything. So I'm looking for any insight I can get on navigating the next phase!
I have read nearly every blog post on “10 Things To Do Once Your Offer Is Accepted”. So I think I have a good sense for the critical steps. And our agent is great! I’m not concerned that we’re blindly going down this path, but I’m the kind of guy that likes to get as many different perspectives and ideas as possible.
It's an all cash offer for an SFR in California with a 15 day close
With that, my request is for any tips, pointers, or questions we should be asking as we navigate this process!
Originally posted by @Charlotte Dunford:
@Matt Pine I buy mobile home parks, not the homes. I only buy used homes to fill lots in my parks.
Ah got it, thanks! Haven't looked into that yet :)
Originally posted by @Charlotte Dunford:
@Matt Pine I would start investing in mobile home parks. That's where I started and still doing. It is not as saturated as the other asset classes, which is why I've been able to scale quickly.
Thanks! I've been considering that as an option, but I don't know enough about it to determine if it's the right path for us yet.
Do you typically buy mobile homes that are already placed on a lot or do you usually move them?
Really appreciate the responses for far! I'm seeing a common thread of starting small, staying focused, and learning as much as we can.
Got it, thanks @Charlie MacPherson
My understanding is that an FHA loan is really only available for "First Time" homebuyers. But I'm hoping the BP comm can provide some clarity for me on the possible situation below:
If we purchase an investment property with cash or a standard mortgage, and never live in it, would we still be eligible for an FHA loan on a difference property in the future?
Very solid point!
My wife and I are READY to join the world or real estate investing. We have a decent amount of capital, are leaning towards investing in several properties to start. Ideally, we want to purchase several that are somewhat "turnkey", and want to buy one project property to rehab.
Now we're trying to decide whether we should focus our energy in a single state or several. I've read a lot in support of both approaches but would love to hear the BP community chime in as we are just starting out...
One other thing that makes our situation unique is that we have spent the past year living in our trailer, traveling around the country. So we are not tied to any physical location. It's quite easy for us to "move" to a new market and set shop for several months.
Thanks in advance for your responses!
- Matt