Picked up another SEO Mobile Home Lead. Super cheap but also needs alot of work and moved off the land. Seller received Title today because it was misplaced. Now, he’s ready to sell now. If interested, feel free to DM me for details! Cheers!

This is the power of collaboration over competition! Just want to share some updates with you all! I know this group is not only nationwide but apparently global, which I am incredibly humbled by and grateful for. This deal is in the upstate of South Carolina just 30 minutes from Greenville, S.C. I am buying this property for $140,000 cash. It’s a 3 bed 2 bath 2 car garage built in 2000 in great condition. Added some interior photos below. I will be paying $30,000 to Jonathan Miller as we worked on this deal together and I wanted to see what’s the most I can pay him as an assignment, because who doesn’t want to see others win. $140,000 + $30,000 + seller & my closing costs = $175K roughly I am going to spent about $6,500 - $8,000 on strong “upgrades” to the property such as, all new LVP consistent throughout the entire home, white interior paint throughout entire house, upgrade all cabinet hardware, fans and light fixtures to a more modern black aesthetic, paint all cabinets (kitchen & bathroom) white, pressure wash exterior, fix a few loose bricks on the front porch and refurbish the back deck. Let’s call it total $185K when you include paying my private lender for a month or two funding it all and things like utilities & insurance. The house is worth in its current value $250K and after it’s simple upgrades will appraise for $255K (conservative comp especially being on 1 acre and all other lots have less land and 1 $255K with less land and less square footage) I will then do a rate and term refinance up to $180K, which is 70.58% of ARV but any DSCR lender will give me up to 80% LTV if I needed it. 2 reasons I only want to go up to 70% $180K is so that A.) I meet my 1:1 ratio on the debt service. (DSCR lenders want to know the the property can rent or cover 100% of the total monthly mortgage of “debt” hence DSCR (debt service coverage ratio)). B.) If I only borrow up to 70% of the overall value, the few thousand in fees can be financed within the loan, allowing me to close on my refinance with zero out of pocket.

Anyone interested in the Warner Robins, GA? Off-Market property and Seller would like to sell in January? Please DM for more details. Pretty house in a good neighborhood! 😉

GREAT QUESTION from one of our members! Here's my response to why would an investor buy a low to no equity rental property! ➡️ Watch the video ⬅️ in our classroom training modules!

Hey team, Any recommendations on companies that move Mobile Homes across the CSRA?