Quick Intro: My name is Aaron Kinney and alongside my dad we invest in mobile home with land properties in South Carolina. To date we have completed 15 buy-and-hold deals. In our market we have been to able to purchase and renovate these properties for an average of $20,000.
Check out this article highlighting the top rental markets. Close to half of these cities are in Florida. That’s right–8 out of 20. If you’re still not buying down here, there’s time. But not for long. . .
There are only six states that have an actual Land Trust statute (or case law recognition) and they are; Illinois, Indiana, South Dakota, Florida, Virginia and Hawaii. Does this mean if you do not live in one of these states (and own property in the same state) that you cannot form a Land Trust? Absolutely not!
The New Year is fast approaching. This post is about the real reasons resolutions and the determination to achieve them are lost, year after year after year, and how to change – yet this year – and get on track to systematically set and achieve new goals. Of course, I am talking about REAL ESTATE INVESTMENT GOALS!….
The Foreclosure Crisis has created an abundance of bank owned REO properties and short sales. Many of these properties have been listed on the market and the increase in inventory has caused real estate prices in the U.S to decline dramatically over the past few years. In some states as many as 1 in 10 homeowners are facing foreclosure and cannot afford their mortgage payments. Many of these homeowners would like to sell their home in order to avoid foreclosure and are considering a short sale.
Hard money lending is a very different animal than traditional lending for real estate investing. Instead of dealing with an employee checking off boxes in a file, when you work with a hard money lender, you’re working with an investor just like you. This means that your communications can be much more direct and much more symmetrical. After all, your lender is looking for the same thing you are — a profitable transaction.
Years after my investing career began with manufactured homes and to a lesser extent single family homes, I was still under the impression that as a real estate investor not only do we have to know all aspects of our craft but we also have to be masters of all the areas of investing at every given moment. I learned years later I was incorrect.