All Forum Posts by: Muazzaz Choudhury

I wasn't able to see the property in person yet and the seller is hard to get back in contact with, they look like they could potentially be fixed up ill put some pics below. I also notice rehabbed mobile homes in my market which have been rehabbed and put in a park going for 50k-80k so there could be potential profit especially because I am getting the 3 homes for free but I am not 100% sure, it seems a little good to be true.

It's hard to believe and I didn't want to mention it initially but the seller is offering all 3 for free! Crazy right, but surely there has to be some loophole? The seller just says he needs all 3 moved from the land and they are in pretty bad condition so it's probably too much of a hassle for him. Yes I specifically target SFR's and this is my first mobile home deal so I am not too sure how to proceed upon it because I don't know the mobile home market too much and what I could potentially sell it to an investor for. I did some research and 10k is a pretty good steal especially for 3, but then there are also transporting costs, etc.

I got access to 3 mobile homes which the owner is offering to me for super super cheap, they are all in pretty bad condition and need to be moved from the land lets say i offered all 3 for 3-10K to an investor, would this be something worthwhile for me and the investor's money? Or is it a waste of time. 

Hey! I am also 16 and we are on the same boat. For the past several months I have been doing extensive research on real estate and finding the details in every last aspect of it but I wouldn't advise over analyzing everything because it takes money to make money and you can't flip or start cash flow properties without a fairly large capital so I would recommend focusing on wholesaling which is an easy way to start building capital if you really work at it. People say it doesn't cost money to get started but it does for example: marketing which can cause hundreds, or even thousands but if properly done the returns can be very rewarding. You could also go under the wing of a local experienced investor and offer to work for free or little pay because networking and relationships are very important in this business. Try going to your local REI groups and start networking. When I started out I had very little capital and resources to actually find deals for wholesaling so I called up a close friend who is very ambitious and always looking for new opportunities to make money and proposed the concept to him, and since I researched everything and basically knew the ins and outs of everything in wholesaling he agreed to pay for marketing and we also "drove for dollars" so I could scout deals because I didn't have my license yet and we would split the deal 50/50. But yeah network a lot and make valuable connections.