Commercial Real Estate Investment Articles

The prices of mobile homes in Riverside County, California are ranging from $20,000 on up, so I haven’t done any deals in parks lately; instead I’ve been doing land/home deals. Before Christmas, I was with my daughter buying some equestrian stuff. We had some time, and I decided to go through this park I knew nearby, just for kicks.

Before I share the details, I just want to point out that sometimes a success story leaves out that which was not successful and leaves you with what appears to be a very straightforward, simplistic view of what went into creating this happy ending.

My husband and I (both in our late 20’s) started a woodworking business three years ago and owned our own home when we started. We were always interested in investing in real estate, but didn’t have a penny to pinch the first year in business.

Now that I’ve found Creative Real Estate Online, maybe I can get something done! I have had a slow start to my real estate investing career picking up only two properties in eleven months. I had no idea there were so many methods out there.

After attending Tony Colella’s mobile home boot camp in September 2005 we started looking for properties to expand our Lonnie Deal portfolio

I attended the Ohio REIA Conference in Fall 2003. I saw Lonnie Scruggs speak about mobile homes. I didn’t buy his books at that time, but realized that their was a potential investing in mobile homes. After I got home from the conference. I opened up the newspaper to look for houses for sale. I decided to look at the mobile home section while I was looking.

My partner and I formed D & B Assets, LLC to combine our thirty-six years of knowledge of landlording in order to buy distressed houses, fix them, and carry a more hassle-free income stream. Craving more knowledge, we discovered Creative Real Estate Online and decided to invest in further education by attending the annual convention.

After a couple years of half-hearted attempts at real estate investing, I finally closed my first deal! The first year was spent mostly learning: courses, Creative Real Estate Online, and some one-on-one training.

I have successfully completed my first transaction. These folks didn’t have good credit. They were one month behind on their land contract and owed around $700 in back taxes. I took my time and did the CMAs and ordered an appraisal of the property.

I got a call from a guy yesterday who got my name from the local mobile home parts supplier. They mentioned that I buy used mobile homes, and this guy had just bought a new home and was selling his old one. He wanted to make sure he wouldn’t have to pay lot rent on top of his new home payment.

I wanted to share my first deal with you to keep you encouraged. I have read the CRE Online Success Stories, read books, and attended meetings and seminars. The techniques that you read about on this website and others work if YOU work them.

Just completed my first deal and wanted to share my excitement! I had purchased Lonnie’s books [Deals on Wheels and Making Money with Mobile Homes] about a year ago, read them once, rode the speed bumps a couple of times, and then got “too busy” for this.

I just thought I’d share with you the recent success I’ve had. I started my dreams with buying my first rental in March 2004 with no money down. I took a home equity line of credit and used it for the down payment. I’m leasing my two-unit this week and should clear about $400 to $500 per month net income.

Our first real “investor deal” was a comedy of errors–that worked! I called a Realtor friend and told her I wanted to get into “flips.” She said, as a matter of fact, she knew of a distressed owner who was ready to commit financial suicide with an investor who was going to steal her house at 1:00pm. Could I come over by 11:00am to view the property.

Well, I finally got my first deal done. I did a lot of things wrong, but I learned a lot, and it ended up “good nuff” (as Lonnie Scruggs would say). I paid too much ($3,500 for a 1983 2/1, 14 x 56), put too much money and work into it ($900), and took too little down and payments too small ($500 down, $175 month).

Nothing motivates a seller like a property that has been on the market a long time. I’d been watching the ads and saw an old office building that was originally listed for $65,000. The property seemed inexpensive for what it offered, so I created a file and added it to my properties to watch.

My wife and I were married in the late 1970s and have moved locally a couple of times since then. Each time we sold our present home, we always seemed to come out very well financially. So I figured that if we could make money on real estate without even trying, we might be able to make some extra income investing in property that was not our primary residence.

After renovating and flipping several multi-units, I was wondering what my next step in real estate investing would be. I had never given the mobile home market much thought, even after reading all the >mobile home articles and success stories written here on Creative Real Estate Online.

After writing off $39,000 a couple of years ago, I sold an investment property that I purchased for $70,000 with only $1,000 down. The seller let me write my own contract, so I tied up the home for three months with out giving him any payments. I then proceeded to rehab the home, and I had it rented out by the 90th day for $925 per month.

I live in Northern California. I started looking at Creative Real Estate Online in 2001. When I began to explore real estate investing, I had closed a business on the east coast and returned to northern California to care for my mother and support other family members who had cared for her during a long illness.

INCREDIBLE! I’m still amazed…I purchased the Carleton Sheets course five years ago, but then got shipped overseas. I just got back to the good ol’ USA in September 2002. I finally started my real estate investing on October 13th.

The seller found me from one of my bandit signs I placed on a busy road. The seller has a house she bought from HUD. She lived in it for three years, then let her son move in and take over the mortgage payments. The only problem was he forgot to make them.

Just wanted to share my success with your readers. I’d always been interested in real estate investing, but never had the guts to try it (or learn it) until a month and a half ago. I was out with some friends, and one of them was telling us he had just made $7,000 investing in real estate.

I am no longer a teenager, but I did begin investing in my teens. Here is my story

Although I have many others to tell about, I’d like to tell you about my favorite success story. I found a property that had a county code enforcement lien on it, which was for initiating demolition proceedings. The lien was for a little over $1,000. I sent a letter to the owner only because I couldn’t find her phone number. She called me, and we met at the property.