All Forum Posts by: Steven G.

Is it a law where the pool is located to fill it with sand?

The reason I ask is because a much cheaper material could be used as fill.  

Go to loopnet.com just to familiarize yourself with crunching numbers on multifamily deals.  Mostly you will find that the deals on this site are not investable, but you will soon be able to quickly decide if a property is going to work.  In the BP task bar click on "Tools" then use the rental property calculator.

Best Luck!

Hey Jeff,

I asked this same question a while back and got a mixed response. In my experience any "good deals" on the MLS are quickly picked up by savvy/ready to buy/established investors. My feelings on this topic are that investors who are early in their career should try to focus on deals that are not on the MLS. I may be totally wrong, but it seems that the profit margins are larger in non MLS deals. In short, when something is on the MLS the investor is generally going to pay what the market dictates(this may be wrong so please don't take my opinion as fact).

                 I prefer to deal in markets that I have an advantage in as a buyer.  I am particularly interested in tax deed sales because it restricts the market to cash only buyers(in my county).  I feel like using conventional financing takes up too much of our profit margins, so my strategy is to avoid it. 

Realtors know more about this business than we do, but they are not going to work for free. When searching for deals that are not on the MLS I have found that most realtors are not interested or don't know enough about non MLS deals to be helpful to early stage investors.

                  Hopefully someone who is in the know can chime in and better answer your questions.  These are just my limited experiences in the business and if nothing else it'll bump your thread!!

Good Luck!!!

 This is a real estate investment forum why do you feel that the numbers are not necessary.  We can all go on google and search "home renovations" and see thousands of renovations just like this.  I will say that it is motivating to see a fellow BP'er complete a project, but without numbers it feels like we just took a test and never got graded.

 Maybe the lack of numbers is the reason that this thread did not get one single comment other than the standard "Well Done".  

I think an interesting alternative to sharing one's profit margins may be to show other flippers how much you can save by going the DIY route as opposed to subbing everything out.

@Derek B.

Deflect? 

 I was just curious about the guys numbers and you came out and attacked me.

@Account Closed

To help you better understand my fascination with numbers:  I want to know how my results match up against others in the same business.

I understand that Art is someone that you idolize and my asking about his numbers somehow offended you, so I apologize for the curiosity.

@Account Closed

Pictures look great!  Nice job!  Without the numbers though I think we all just lost interest.lol

@Jacob Knowles

I think @Steve Babiak hit the nail on the head here.  The durability of these units combined with the lot rent makes this a niche in the market that many are not interested in.

I feel the best way to be successful with mobile homes is buying a piece of land that is zoned to allow several units.  Pour a slab and add a trailer to it when you can, and either rent them out or sell them.  Either way you will be collecting the lot rent.

 Yes you have it right some plumbers are eager to "mark up" any job that they can overcharge someone on.  The plumber's work/involvement is minimal here, so I prefer to not pay them a mint to make a few connections when in reality the most critical part of the job involves excavation.  As someone already pointed out get an estimate from a local plumber once the excavation has taken place.