All Forum Posts by: Nathan Thompson

My intention would likely be to live there for 2 years, then probably turn it into a rental property. Possibly refinance out of my VA loan and get a VA loan on another property.

I'm currently looking for a house to buy that I can occupy and rent out the additional rooms. I'm buying with a VA loan and have been looking at some short sales and foreclosures in the area. Couple questions I have...

Does buying with a VA loan make the process much more difficult?
Will I need to get an inspection before I make an offer? I know with the VA loan the inspection requirements are a bit tighter.
I've seen mixed opinions on this, but how much should I offer to be taken seriously? If I offered 85% or so of the listing price on a home 25 days on the market, would that be looked at?
Any questions I should be asking my real estate agent that are important?

This would be my first home, so I'm not sure what exactly to ask.

The property I'm looking at is listed at $113k, with 3br (I can rent out 2 of them for $1000 a month), and there's a $90 HOA, on a townhouse.

I'm just finishing up reading Deals on Wheels and starting to look at some homes for sale in my area. I live in the DC metro area, so I'm looking in MD and VA mainly. I've noticed that each state may treat mobile homes differently.

Can someone tell me where to look to make sure I'm following the rules in each area?

I just want to make sure I'm not getting myself into any trouble. Thanks in advance!

Thanks for the warm welcome, everyone! It definitely sounds like there are some good deals out there, just gotta find them. I started out looking in the DC metro area, but prices are a bit high. Hopefully I can find some within an hour or so from here.

Thanks again for the welcome, I look forward to getting into this!

Hi all,

I've been reading through some of the posts, but never posted since I had nothing to add. I just thought I'd introduce myself really quick. I've been thinking about getting into mobile home investing for about 6 months now, but my job was a little unstable at the moment. But, that's different now.

I've started reading Mobile Home Wealth (Zalman) and Deals on Wheels (Scruggs) is coming in the mail. I live in the DC metro area, on the Maryland side, so I'll be looking for opportunities in that area once I get started. Is anyone from the area or know of any good real estate investment groups? I have looked at a few groups, but do most of them have knowledge of the MH industry?

Thanks in advance, I look forward to being a part of this forum. Seems like there's a lot of good information and advice floating around!