All Forum Posts by: Steven Ewing

I believe it is. I was going to get it inspected/appraised because I think I will anyways for the HELOC. The property information on Zillow does say piers foundation and I researched and it does say it is considered permanent because they are typically tied down. Comps suggest 160-200k+

Hello,

I am looking for a lender that has options for a manufactured home that sits on a 1 acre lot. It is fully paid off and my mom is going to be gifting it to me. It is the strategy we decided to go with after speaking to my CPA. 

I plan to use a HELOC with the property to do the BRRRR strategy to retire her. Please let me know if you have any options. I am in the Memphis, TN area.

Hi all, 

My name is Steven and I recently discovered bigger pockets podcast after listening to Ken McElroy's podcast. I recently read Rich Dad Poor Dad and I have been bitten by the real estate bug. I have listened to about 40 episodes of bigger pockets rookie and regular episodes. My wife and I are currently saving for our first property to rent out. Every story that I heard is the first one is where you learn the most especially if it is a flip. We plan to go all out in the next 10 years to try and secure our financial freedom and possibly begin flipping full time. I love that there is a forum that offers so many tools to do research and a community of people that just want to succeed in the same way. I look forward to successfully landing out first property by paying the money down but then plan on leveraging opther strategies such as BRRRR, HELOCS, etc.