All Forum Posts by: William Green

Hi BP community. A little bit of background on my situation im in sort of a unique situation. Im 28 and thinking about moving, I currently own my "house"(realy a traveltrailer with a 1 bedroom house built around it, But its all grandfathered in and under a ramada so its a legal dwelling) and a old modular that i use as a rental in a small trinity county Ca town. The reason i want to sell is i just fear the next crash in this boom/bust town. This town was a logging town untill the mills closed in the 90s and that almost killed it. Maraijuana farmers brought jobs back to the area, but with the shift from recreational from medical is a major transition and most of the farmers out here whent back to the black market. I fear that eventulaly the state will crack down and if that happens property values will plummet and all the growth this town has seen over the last 10 years will go away overnight. All the new transplants here are for that industy and that reason only. If i sold both i could definatly get 160000. I also have 100k in liquid assets. Any areas where 250k is enough to start an empire, lol just kidding im just trying to get enough rental income coming in every month to where i don't necessarily need to have a 9-5.  I was looking at the Klamath Falls area just because it relitivaly close but im reall kind of open to anywhere as long as the numbers make sence. Also would i be better off trying to look for multifamily or trailerparks than sfhs? Also my credit  is nonexistant so traditional loans are right out.