All Forum Posts by: Victoria Weiss

@Edward Adams sent you a DM. Congrats on this working out for you!

@Andrew Postell I know this is an older post but I’m also looking for loc options on a rental property in Texas. Can you pm with any info you may have. Thanks so much!

I'm in Houston and would like to take out a home equity loan on a rental property (NOT a HELOC). I've read that Texas does not allow HELOC's on investment property but I'm trying to see if anyone has had any luck with a home equity loan on investment property? Thanks so much!!

Hey Adam, is the park on city water/sewer?  This factor will impact your expense ratio, and ultimately the value of the park.  Also, do you know the year/general condition of the park owned homes?  You will want to break out the lot rent and make sure and only capitalize that amount from the $500/month charged for the park owned homes.

@Erin Rader That's awesome that you're attending the Orlando boot camp!  My husband and I are going to the one in New Orleans in April.  Also, we will be at the Texco event in Feb.  I would love to chat further.  Shoot me a pm with your numner.

@Kenny Stanley Congrats!  I used to live in Austin and the NB area is great.  I can 100% see how partnering up made the first step easier.  I am definitely not opposed to a partnership if the right person comes along.  You're right, @Account Closed  Congrats to you too!  Good luck on your first deal!

Do ya'll have full time jobs at this time?  My husband and I both do, though my husband's is more flexible.

Thanks @Account Closed!  I've been lurking on the mobilehomeuniversity.com forums for a couple of months.  I will definitely check out the event in League City on Feb. 7th.

Hello!  I am in the researching/knowledge gathering phase and have been reading and listening to podcasts about MHP investing.  I would love to connect with someone who has invested in MHP's in my area.  Thanks in advance for responding to this newbie!

@Camilo Rey that is a great point.  The occupancy rate for rentals has definitely been inflated due to Harvey and will not last (at the current rate) beyond the next several months.  I am not particularly interested in areas that flooded during Harvey, or even the surrounding areas.  I have been looking at more "up and coming" areas just north of 610.

Cal,

I sent a connection request with a PM. Thanks.