All Forum Posts by: Susan Maneck

I think Hattiesburg is a good area to invest. I'm in Grass Valley, California right now but all my properties are in Jackson. If I sold them all I couldn't buy anything here. 

Hi Barry, 

Where are you located currently? It looks like you got out of the game in Mississippi just around the time I was getting into it. I bought my house from HUD a couple of years after I moved to Mississippi. Five years later the recession comes along and I find it is underwater. I figured I could either cry about that or buy up the neighborhood. I ended up with six houses on my street. During the pandemic I moved back to California to take care of my mother who is now 93. I've been selling off my portfolio at the rate of a house a year.

If it is on a stem wall you can even get FHA financing.

I did this once in Arizona, near Flagstaff. The biggest expense was building the pad. You can find some pretty nice doublewides used if you are willing to move them. To be honest I put the pieces together with credit cards. Only afterwards was I able to get a loan and pay those cards off. I didn't flip it, I lived there for about six months, then got a job elsewhere and rented it out. I sold it about six years later. I've never tried investing in mobile homes in Mississippi mostly because used stick houses are so cheap they never seemed worth it. 

By the way, your LLC doesn't have to be in the same state as your properties. Mississippi is a very easy place to establish an LLC.

Well, there are two colleges nearby, Delta State and Mississippi Valley but they are about the poorest 4-year public universities in the state and most of the people that go to them are from the Delta. 

Your are telling people to discriminate against tenants who happen to use a common regional expression; one especially common with African-Americans. I think there are laws against that. 

Here's the difference, you assume that if people are poor they are bad.