Where To Start?
Hello, My name is Justin. I recently have been trying to learn about real estate. I have a mentor/partner who has been helping me find my way. He has encouraged me to read these forums and participate in them. I am located in Las Vegas and am specifically interested in Multi-Family, but am not opposed to dealing with single family. I was hoping someone might have some suggestions about where to start and any other advice that might help. What aspects should I try to learn first?
Thank you in advance for any replies.
I believe that in Las Vegas mainly single family or larger apartment complexes (over 4 units) is the way to go.
In the Midwest where I am we have a lot of smaller multi-families, but I know investors in Las Vegas concentrate more on single families and 12 units or up multi (but that is also considered, commercial, and that is another story - as a beginner I would stay away from commercial for a while.)
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Buying a mobile home that is to be tied to a mobile home park is very risky at best. The financing for these homes has a very small list.
Now, if that mobile home was on its own lot then you have better financing and a better ROI
Out here in Texas there are areas set aside for mobile homes to be on their own lot or even 1/4 acre and above. They are still harder to rent because there are no amenties that apartment people like but, you will find good tenants that want to buy.
Good luck
are you looking to buy notes or REO inventory.
In what markets are you seeking properties
Both TD notes and REO FSBO inventory. California Counties;LA,Orange,Santa Barbara,San Diego,San Francisco,Ventura,Riverside primarily and some inland areas case by case.