All Forum Posts by: Ryan Andersen

I am new to real estate investing and still have not made my first deal. The market in Idaho Falls and Rexburg area has been rather difficult to find any deals the conventional way. So, during my search for creative ways to make deals a friend mentioned that his landlord, at the mobile home park where he lives, wants to retire and sell his park. I am extremely interested in talking with him about possible seller financing or other options that might benefit us both. 

I have tried to read as much as I can from John Fedro because he seems to be the master at mobile home parks but there is just too much. So my question is, where should I start? I want to be as informed and ready as possible before approaching the owner of the park.

Are there any articles I should read or advice that might help me?

By the way, all that I know about the park at the moment is that he thinks he wants about $1M for it, there are around 50 mobile homes, it looks like there could be room for 20 more units, it is a nice community, and lot rent is currently about $200/mo.

That is actually really helpful. I do plan on doing a lot of business in Idaho and this is something that I had not yet heard of. Thank you

My name is Ryan Andersen. I am from the small town of Rexburg, Idaho. My wife and I have been married for five years now and just had our first baby boy almost four months ago. We are super stoked to be parents and start a new chapter of our lives.

This April I will be graduating with a degree in computer information technology. Sadly I have discovered that I don’t love most jobs that are available to me with my degree. This has been a real struggle for a long time now. Luckily I have a great friend who has shown me that there are other “better” ways to live. He is a rather new “buy and hold” real estate investor who has acquired fifteen units over the last five years and loves what he does.

My wife and I have become so excited about real estate and the thought that real wealth is attainable. It just doesn’t seem like there is time enough every day to read and listen to everything on the bigger pockets website.

Our goal this year is to buy and live in a four-plex for one year so we can get the 3.5% down on our first real deal. This will hopefully kick start our business and open up more opportunities in the future.

The biggest thing we are struggling with right now is that we have so much excitement and energy to drive for dollars, dig up great deals, and make things happen but we are just getting out of college and we are broke. So until we can qualify for traditional loans to grow our business I am very interested in helping others or even partnering with those who have been successful.

So if anyone has advice or experience in making deals with no money, partnering with investors, or how to find great mentors, we are 100% committed.