Andy Bahr Hi there, I’ve been looking at Home Invest as well.

East Tennessee home sales in August saw a healthy 2.1% increase over July, and a 7.4% increase over August 2024.The median sale price was $376,200 — up 3% from the previous year.Total housing inventory has increased 31.4% from the previous year.Half of the homes sold were under contract in 28 days or less, up from 20 days a year ago.39% of homes sold for the asking price or above, with 18.3% selling for more than the asking price. 7.9% sold for at least $10,000 over asking and 2.7% sold for at least $25,000 over asking price.5.5% of all homes sold in August sold for more than $1 million, a new high mark for the year.The sale-to-list price ratio lowered slightly to 98.6%, still up from 97.6% a year ago.New construction was 11.9% of total home sales.August sales saw a boost over July, outperforming the prior year and bringing the year-to-date total up by nearly 4%.

I’ve seen more investors starting with one project and scaling up to doing two or three at a time.If you’ve been in that stage, how did you manage the funding side — separate loans for each project or one larger credit line?

You take home all payments and sale money if the home sells after the 5 years are up. 

Hi BP Friends - Are there any due diligence lists or calculators I can use for analyzing MHP? Thanks,Chi

You both walk away with what you want.You get compensated for your work.He gets a property that is valued more which he can sell for a larger cost.If that works out well, i would consider then partnering.best of luck

I kind of went in the middle by going for larger parcels that I was paying 3k to 5k for and trying to sell for 6k to 8k. 

Should I invest in CA (Riverside & larger Inland Empire I hear has good tenant base) or out of state--Columbus, Indianapolis, Baltimore to name a few.

As you know, single story, small homes will cost more to build from a PPSF perspective than a larger, 2 story home.

Focus on smaller single-family rentals or duplexes as your first deals, easier to manage and less upfront capital than larger multifamily.You could also partner with local property managers in your target market, so you don’t have to handle day-to-day operations yourself.