All Forum Posts by: Karen Margrave

I'm curious about housing inventory, and where it will come from. Short Term Rental investors, with gas prices being so high, are you seeing a slow down in renting properties? Are you holding your STR properties, turning into LTR or selling them?

@Bruce Lynn How can I get a list of asset managers that cover my area?  

Does anyone know the process for getting REO listings in an area?

foreclosures, REO, REO properties, foreclosed

Ok MFD homes need to have been built after June 15, 1976 in order to get financing, and cannot have been moved more than the initial move when it was originally delivered. As to loans, do a search for financing of manufactured homes in your state. Good luck. 

Not in order of priority. 

1. Learn project management. There's several different programs that will help with timelines, etc. 

2. Don't make promises you can't keep. If you don't know something, admit it and then find the answer. 

3. Use numbers based on reality at the time. 

4. Know what you know. 

5. Take pride in your work, and you'll get referrals, though don't overthink every single thing. 

6. Know the laws regarding contracting, liens, etc. and make sure you're covered. 8. 

7. Plan for the worst and hope for the best

8. Don't be afraid to ask other contractors for advice. 

9. Learn the permitting process for the type of jobs you're going to do. 

10. Learn codes. 

Talk to the agent and ask them what they believe the issue is. Base decisions on facts, not feelings, or what any of us on BP tell you, unless they're familiar with your specific market. I'm not. I was just you my opinion as a realtor, contractor for many years, but all real estate is local! 

What year is the manufactured home? Has it been moved more than once? Would you own the lot, or is it in a park? If in a park, what is the policy on rentals? 

Why did you choose the agent that listed it if she's not familiar with the area? Does she belong to the MLS that's in the area where the house is? Is it on MLS? Did you ask her how she is marketing the house? If it's on Zillow then it is being exposed to buyers, so I'd have to guess that it's over priced, and that's the reason it's not getting any action. Buyers usually aren't afraid of low balling on houses, so it could be the landscaping is playing a part.

Not knowing that market, I can't say what the issues are, or competition is. As to the finishes, I wouldn't have picked that slick tile in the bathroom, looks pretty, but slipping hazard. Also, the exterior looks like it may need paint, and how old is the roof? I can't tell from photos, but is it a dirt driveway or asphalt? 

The devil is in the details. The exterior doesn't have alot of curb appeal, and a buyers 1st impression, clean up the landscaping, weed eat, leaf blower, etc. will help. Good luck. 

I see your post is several months old. Did you ever get your printer? Are you still doing it? Have you built anything? 

Another big question is how plumbing, electrical, etc. are installed, doors, windows, etc. so that they look finished. I haven't seen much on the integration of that. The technology is pretty new, therefore; finding the right printer will be the challenge. Will you just do exterior walls, or all walls? 

In what way was COBOD difficult to work with? In regard to concrete it seems some use materials that can be purchased locally, and others are proprietary formulas, which prices could be manipulated, once enough builders buy their products and are dependent on them. 

Also, what are you thinking on storing the printer, hauling it, set up, etc. as far as equipment/space you'll need? 

Hi everyone, just checking in. The last meetup only had a few people, and we discussed opening it to investors at large, what are your thoughts?  I know it's easy to miss posts on meetups, so if you'd rather I message or email you, please send me your contact info. The market is beginning to change, and we're seeing a little bit of movement on pricing, but not a lot. The inventory is still very tight, and expected to remain that way. 

Being a Realtor and GC, having developed tens of millions of dollars worth of properties in Redding, I KNOW this market, the areas, etc. We have a very unique market. The major fires that burned hundreds of homes in Redding, and over a thousand in Paradise put a huge demand on  housing. It's not as simple as homes that were burned being rebuilt and original owners returning to them. Many property owners rented, and decided not to rebuild, but to sell their homes and use the money to invest, travel, etc., staying in rentals. Others purchased smaller properties, and sold their lots to builders. Add to that we have Bethel School of Supernatural Ministry with students (ages vary from 18 to seniors) numbering a few thousand, with no dorm space, and investors have purchased homes and rent room space to them. We also have a big demand for traveling medical professionals, etc. Finally in the mix we had Covid, which pushed a lot of people out of big cities up to our beautiful area with lakes, rivers, mountains, etc. and housing inventory is crushed! 

Personally I'm working on a very exciting niche, but will take some time to pull together; and I'll give you more details as it moves ahead. 

QUESTION??  WHAT ARE YOUR THOUGHTS ON THE CURRENT CONDITIONS, AND WHAT SOLUTIONS DO YOU FORSEE FOR HOUSING?