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Posted on 6/17/15 at 4:31 pm to I Love Bama
I am working on closing on a mobile home that sits on about an acre lot. The foreclosure price and the repairs will end up running about $55K. We may flip but if not, we should be able to rent for around 2%. My other two properties are right above the 1% mark. It all depends on type of properties and area.
Posted on 6/17/15 at 5:07 pm to I Love Bama
quote:
My deal is far from an anomaly though. Lot's of people do deals like mine every day.
Not sure about Alabama, but in BR <30K properties are in the ghettos. It would be hard to get tenants in such areas. And the tenants that you do get, I would lose sleep over it.
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