Investing in Mobile Home Parks
We didn’t really know that much about the mobile home park itself, but decided to take the risk on the opportunity, with the understanding that we could lose it all.
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MsFIRE Mama is about normalizing the discussion of mishaps and failures in real estate investing and creating a community of resources to help you avoid, overcome and resolve them.
Read MoreWe didn’t really know that much about the mobile home park itself, but decided to take the risk on the opportunity, with the understanding that we could lose it all.
In the thick of our move south in early summer, we purchased Property #6 in Oklahoma City. Property #6 will be the first time we will work directly with Kendal to renovate the place and also use a contract that follows the cost plus model.
The past few months have reminded me that you don’t need special credentials or a family history in real estate investing (REI) to be successful. What you need is to be engaged, diligent and your own advocate.
The real estate market is going crazy everywhere these days. With appreciation in the double digits and interest rates plunging, we decided to sell one of our single family homes. Instead of selling in the first week, it took double the market average to receive an offer that would lead to the final sale.
The past few weeks have been a difficult time for my family. We received news that was changing our plans and forcing us to look at other options.
If you haven’t plugged the trigger on your first investment, the chances are that you haven’t firmed up your targets or strategies.
By investing in your real estate education, you can flatten the learning curve and reduce or eliminate time you would have spent reinventing the wheel. These are the resources, tools and books we love to help kick start REI.
Refinancing a property is one of the four “R”s of the BRRRR method and can be the main accelerant in growing your investment portfolio.
Partnerships are a great way to reduce risk, share responsibility and have an ally in your real estate adventure. They can also cause unexpected challenges and end relationships, if not properly managed.
After we paid the lien fees ($380), we had to wait for two weeks for our payment to make it through the red tape and for the ability to request the abandonment lien be removed from the property.
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