Re: 12 deals in 6 mos? - Posted by JP (in PC)
Posted by JP (in PC) on April 22, 2006 at 11:03:43:
As always, this forum is motivating as well as educational.
I am in a position where I am leaving my current job (military retirement) and was somewhat on the fence (or on the couch as the case may be…) about my future lot in life. The security of leaving a 90k+ job, moving to another state and finding another was tempting but I love real estate and better yet the mobile home business so working for someone else is not very appealing.
I’ve done some SFHs and some ‘Lonnies’ plus we bought a small MHP last year. We’ve since sold the majority of the houses (1 left) and the park is holding it’s own (paying all of it’s expenses plus a little but not enough for us to live on). We have enough from the sale of the houses to live on for a year plus have 30k to invest in mobiles. Our thought is that if I can do 24 lonnies in the first 12 months I won’t need to go get a ‘job’. Doing it full time I think I can meet this goal and reading though the posts (this one included) I think I’m not setting my goal too high.
My time on the part time couch is dwindling…looks like come September, I’ll be a ‘formerly employed’ full-time MH guy.
Thanks for posting your opinions. I know that we can make this work!!!