Browsing: renting

Mobile Homes mobile-home-seller

There are likely going to be passionate investors on both sides of the fence supporting or condemning the idea of keeping a seller inside of his or her property after you have bought it. This is mentioned because it is important to remember that you always have free will. Ultimately the choice will be yours when you are presented with the situation, do you keep a seller inside their property after it sold to get the deal done? Do you agree to let them stay or demand the property be vacant as soon as you pay them for their home?

Landlording and Rental Properties should-i-evict-tenant

Whether you are investing in mobile homes or mansions people are people. Your renters and buyers almost always do what’s in their best interest. A renter’s credit history, rental history, criminal history, and work history may likely predict this renters future. While this article is not about how to prescreen and work with potential renters, tenants, or buyers; we will be discussing your options if and when anyone ever defaults in making you payments.

Market Trends, News & Commentary

"Trump"ing the CompetitionI was at an investor’s meeting not too long ago talking with a young, idealistic, newbie investor who brushed off one of my real estate suggestions and told me he was looking for passive income. He wanted -in short order- to work only 4 hours per week. Ahh, yes, the fabled four-hour workweek, I’ve heard of it so many times yet I’ve never actually known anybody who had one, not anybody making any money at least. I think it must be next to the pot of gold at the end of the rainbow.

I admit, I’m going a little overboard with the pot of gold bit, but it’s for a much-needed theatrical effect. To be fair, real estate is like any business and there are some investors out there who have worked hard, became successful and were able to build a system that they could back away from a little and turn more operations responsibilities over to others. Make no mistake, however, it took a lot of work to build that system.

When they say passive income they are usually talking about rental properties. They tell you to go buy a property. Rent out said property to a tenant who pays the mortgage and expenses and you keep the difference. Easy right? Maybe if your Donald Trump and you start out with a million dollars to put down and pay management.

Lets analyze a more realistic scenario.