All Forum Posts by: Orlando Paz

That is very interesting!... Other than his architecture and furniture, I never knew he designed mobile homes. With my background in architecture, Frank Lloyd Wright happens to be one of my "hero's". I just learned something new.

Hey Molly,

I just read your post. Sorry I did not get back sooner. Had no idea you had responded to this post. I will certainly keep you in mind.

For quick access, here is a link to the page. Please let me know if there are any problems accessing the page.

http://www.meetup.com/flreinetwork/

@Tram Ambers@Matthew B.) and I, have started a Meetup group. The group will focus primarily on networking in fun and relaxed venues. We are at our beginning stages, but hope to start seeing our membership grow. If you are interested, please feel free to look us up and sign up. The name of the group is South Lake / West Orange Real Estate Investor's Network. Also, please let us know what you would like to see from the group, and what type of venue's interest you. This group is interactive, and any ideas are always welcome! 

If you are saying that these people purchased the mobile home, then you are actually looking at a foreclosure. You may need to start looking into taking the home back, and getting it back on the market. Just make sure to screen the tenant/buyers very carefully, and look at their financial stability. Also check out the BP guide on how to screen tenants. If you do foreclose on them, you will make back some money when you get a down payment from your next purchaser (something to consider). Good Luck.

@John Hamilton - Thanks John. I'm glad to be working. With time, I look forward to the day that I won't have to worry about the security of a job.

I actually went to see the mobile home, and honestly did not care for it. Aside from it being a very old and beat down MH, it also had a roof that had once leaked. As a result, the floors were all warped and soft in various places. The repair was going to be more than the trouble of fixing it up. 

Hi all,

Just a quick update. I am back on track, and starting a new job next week. I'll get the ball rolling, and hope to focus on making it a fun networking group. 

@Molly S Ringer - It's great to meet you, and welcome to BP! ;) I look forward to learning more about your meetup, and joining your FB page. As my headline originally states, I am looking to find someone to partner up with. If you are interested, feel free to PM me. It only takes one person to run a meetup, but I think two would bring an interesting dynamic. Let me know.

Hi all, 

Thanks for all the feedback and support. A quick update... I went to check out the home. It's from 1970, and it looks it! lol! Lot's of soft spots and uneven areas throughout. It's a 2 bedroom / 2 bath, and it needs lots of upgrades. I may save money on the actual purchase, but the cost of work involved, would bring it up substantially.

With this one, I have to say that I agree with @John Fedro and @Edward Hamill. I am thinking with my emotions, rather than a clear mind. I have an upcoming interview, I feel good about. If I get the job, then I can slowly get back into the game without worries.

As luck would have it, I lost my job a week ago. There are some employment possibilities on the horizon, but nothing sure yet. I feel like my investing ambitions, have been put on hold. My focus has been on looking for work, and working my part time job.

After putting some thought into my circumstances, the only two solutions would be to invest in a small fixer upper residential or look into investing in a free mobile home. With a small rehab, I would have to look into using hard money. Right now such a strategy may not be the best approach. It just seems extremely risky and expensive. I then went on Craigslist, and found some free mobile homes. One of the ads shows a picture, the other does not.  I have not seen the homes in person, but the one with the picture is an older 1970's home in great curb appeal (on exterior). The description says that it needs some work, and may need to have the floor replaced. 

The opportunity to get the mobile home is there. I am already familiar with the park, as they had offered a free mobile home to me when I first started learning about mobile home investing. The park's rent is about $520, and it is in a 55 and over community. For me, these are two red flags I try to avoid. In my circumstances though, it seems like an attractive opportunity. I know from past experience that the park has offered to waive the monthly lot rent for up to 4 months (with a possibility of 6 months waive).

My dilemma is on what should I do???... Even if I got the mobile home, it still needs work (which costs money). If for some reason I still have the home after 4 to six months, then I face the possibility of lot rent. Hopefully by then, I would have a job to cover that risk. Not sure where to go with this. Any thoughts and advice would be greatly appreciated. 

I just recently lost my job (July 2015). My primary focus has turned from real estate investing, to looking for a job. Much like yourself, I continue to educate myself and stay connected to the forums. Also working on bringing up my credit score.

I have also had a continued interest in starting (even though I am not working). Only things that come to mind are hard money lenders, and sweat equity partnership. They both carry their own risks, but it's the only possible solutions I can think of.