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All Forum Posts by: Samantha Griffin

Samantha Griffin has started 4 posts and replied 11 times.

@Erik Estrada

Land comes with the sale

@Zach Wain one manufactured property split into 4 one bed 1 bath units all with their own entrance on a 6000 sq ft lot

Post: Wholesaling Mentorship or Coaching

Samantha GriffinPosted
  • Posts 11
  • Votes 3
Quote from @Bryant Brislin:

They are all differet in their own way.  I've done Brent Daniels' TTP, Steve Trang's, Pace Morby's.  I'm happy to talk, if you'd like to DM me

Would you mind sharing details of contacts? I met Joe Arias today and I asked him if I could use the generic contracts Ive downloaded and he answered not really and that he pays 3k for his legit legal contracts. I'm wondering if I need to contact the title company now in each county to see if my contract is allowed. 

Post: Is my purchase contract legit?

Samantha GriffinPosted
  • Posts 11
  • Votes 3

I have a generic purchase and sale agreement. How do I know if my contract is legit and legal? Especially when finding deals in different states? Should I be asking the title company for contracts in each county? 

Quote from @Doug McVinua:

@Samantha Griffin Your 2nd question regarding long-term financing is a very good one and one you should go into with eyes wide open. Some properties are difficult to finance, some are not possible with traditional lenders. I was working on a 13 plex recently, and no one wanted to lend on it, so we never executed a purchase offer on the property. Yes, we might have found hard money, but very few of these work long-term with hard money.

Manufactured homes, especially older ones, are very difficult to finance. Sometimes, they are cash only. Please do your homework on this property before pulling the trigger. Find out how old the units are, when they were manufactured, whether they have HUD plates, etc.

I'm a huge proponent of BRRRR and have seen it used to significant advantage and reward with the right property. This one may not be the right one, you need to find that out as soon as possible to protect yourself.

Good luck, and congratulations on having the courage to take the steps! Many investors never pull the trigger, and you are well on your way, that is clear.

Thank you so much! this makes more sense why it would be an all cash offer 

Post: Here's my situation, what would you do?

Samantha GriffinPosted
  • Posts 11
  • Votes 3

Hi! I am very similar to you. Live in SD have spent a lot of time living in Phoenix. Similar income, savings, credit score and rent payment here in downtown SD. I am also looking for high ROI. I have not done a deal but have some extensive research over the past 6 months on all investing strategies.
I am a travel nurse and finding housing is the hardest part of the job as you sign a 3 month contract and have about 14 days or less to find furnished reliable housing so needless to say we’re generally desperate and need to find a mid term lease ASAP or we’re screwed. 
San Diego and Phoenix are 2 of the most popular cities for travel nurses. 
for example a 1 bedroom in Phoenix that would rent long term for maybe 800 you could rent for 1600 furnished to a nurse. We are forced to pay a premium because it’s a necessity. 
just thought I’d share a creative way I’m looking at higher ROI than long term tenants but less work than managing a ST air bnb 

Furnished finders is the main website nurses and other traveling professionals rely on. 

Good Luck!!! 

Hello all! I have never done a deal, I'm looking at a manufactured 4 plex. Sale comes with the land. It's a cash only offer. 2 units occupied M2M and 2 vacant. I'd have to use a HML since it's cash only. If I fix up the 2 open units am I able to get appreciation and cash out refi to pay my HML back since it's manufactured? Don't know anything about investing in manufactured and guaranteed appreciation and appraisal on something like this.
Thank You! 

Quote from @Billy Daniel:

You'll have to reference your state laws, but most of the time you can just refuse to renew the lease.  You probably have to (and should if not required) give them a 30 day notice so they have time to find a new place and move.

If you have two vacant units, why not renovate those with the tenants still helping pay bills?  After renovation, you might be able to get those tenants to move into a new unit instead of kicking them out all together.  Just a thought....

Yes very true I have thought of that. Problem is im hung up on the cash out refi part. It’s a cash only offer and it’s a 4 plex which is actually a manufactured home!  My worry is if I fix up the 2 units how much appreciation can I get on a manufactured property (the land is being sold with the property) Will I be able to pay my hard money lender back. Not ever doing a deal I’m stuck in analysis paralysis if this is even a smart deal. also wondering why someone is selling a cash flowing property asking for all cash. Is that a red flag that they can’t even get a loan from the bank on it 
sorry for the rant! Can’t seem to get a handle on how to go about this 



Hi all, I am a new investor, no deals done. I’m looking at a multi family in Phoenix Arizona area. 2 units come vacant, 2 with month to month tenants. I want the property vacant so I can fix up all units and charge more after rehab. Can I choose to terminate the month to month tenants with plenty of notice? No clue if this is legal or unethical. 
Thanks!! 

Quote from @Nathan Murith:

@Samantha Griffin welcome to BiggerPockets and congratulations on doing the work!

Are you located in any of those markets? If you want to do BRRRR, I would strongly recommend doing your first one or two in your backyard. There is a lot of room for making expensive mistakes if you try to do BRRRR remotely for your first property or two…

There are several markets across the country that match what you describe above.

In any case, happy to chat more and share anything information we may have if you are interested, do not hesitate to reach out, connect and DM.

Unfortunately we rent in downtown San Diego due to my finances job. I have money to invest but not nearly enough to purchase any kind of property in this state that would bring me in any additional income. Will save this post/your info one we chat with our loan officer more. Thanks!