All Forum Posts by: Walter Pape

Thank you for sharing!! Reading about where other newbies are doing is so helpful!!! Best of luck and please keep sharing! 

@John Fedro It does make sense. I've been using information from your blog / website to get a better idea. 

@Rachel H.  great idea, and I will follow up. Thank you!! 

welcome to BP!! I would follow all of the above suggestions and discover what niche fits your investing/personality/goals the best. Best of luck!!

@John Fedro great stuff!! If I am following you correctly I am looking for a MH built after 1990 that's a 3/2. My expected rent should be 750-850 or 1000 if on land? My evaluation from here will be based on the individual sell of the MH?

@Doug Merriott thank you for the direction. Considering our market if snow birds and retirement groups do you believe that changes the way you view the market?

Preference this post that I am still in the newbie classification and researching what area that I want to focus on. I live in the Tampa / St. Pete area of Florida. There are a large number of MH Parks in the area. I have started looking up MH on craigslist.com, realtor,com, and a couple of other sites. As I am evaluating the market there are MH that are 2/1 built in the 60's and 70's and a few 1990's that are either 2/2 or 3/2. The prices vary from 7,000 - 53,000. There are a few with land but I don't know enough about what to do if I were to attain these properties.  

How did / do you evaluate your market? 

Am I evaluating the market correctly? What am I missing? 

@Tim C. , congrats on starting out in your real estate investment. I like how you moved into the duplex to expand your portfolio. Something that I want to do. In your situation I would get the units repaired to get tenets in the property. If I could afford to hire someone to do it I would. It would allow you to network, market, and analyze other properties. Remember, I am starting out and I am sure there are others with more experience on here.

Hope it helps,

Walter

@Bill Gulley , I appreciate your input and would like you to explain what do you mean by assigning the contract? I am here to learn and to get better; not to be put down.

I've all ready looked into what you have said in the past and have changed my philosophy in this subject matter. Looking forward to your response

@Wendell De Guzman what is your preferred exit strategy for your goals and business? How do you calculate cash on cash return?

@Manny Cirino , makes complete sense. Thank you for the information. Would you recommend completing RE agent license to start in the area or go in a different direction to start investing?