Posted by DougO(NM) on February 26, 2000 at 15:11:48:
I commend you for your enthusiasm, I wish you luck as you continue forward ! I used to have an investor contact named Chris in the Portland Area long before this web site was around, back when the only thing going was a forum on Compuserve, but am sorry to say that I’ve lost contact with him. You’ve made an excellent choice ordering Deals in Wheels, that was one of the first investment books that lit the fire under my rear and made me sell my computer maintenance company and become a “full-timer”. Just about any investment technique that will work on houses, etc. will work on mobile/manufactured homes (just DONT call them trailers!) In my opinion this investment arena offers you several advantages (1) lower cost of entry for you while you learn your craft, and (2) there are almost ALWAYS more folks that are looking for AFFORDABLE housing than any other kind and they certainly are that. I would be encourage you to begin networking with other investors asap, and read everything you can get your hands on. (I need to buy a bigger house to warehouse my ever growing library !)Start going to the local investor groups meetings whenever possible, and , at least at first, remember that God gave you two ears and only one mouth! In other words, be sure to LISTEN to what others have to say. As you hinted at, you may have trouble being taken seriously at age 18, so you need to do whatever you can to make folks look past that. I had problems like that at 28, and for some of the deals I’d like to do at 38 ! Just keep on doing what you are doing, you’ve found a great place that should help you very much
Good Luck
Doug