[John Narez]

John Narez

Jackie, This complete rookie thanks you very much. One other thing…Just for the sake of future reference, where might one obtain a “Form For Calculating Income And Expense” for any potential multi-fam situations? Thanks. JN

[John Narez]

John Narez

Hi, Jackie. I am only now exploring my membership in CFD. The above concerning mobile homes reminds me of a question I have about them and the use of options. So here goes. In a typical real estate deal, if one obtained an option on a parcel, he /she would go to the county courthouse and have it recorded. However, if one optioned a mobile home, how would the option on it be recorded, since it’s viewed as personal property? What county office would handle this type of situation? Thanks. JN

[John Narez]

John Narez

At this juncture, “rudimentary” is about all one can afford. I read that some vendors out there have software programs that identify distressed situations, but that’s for later. ” Have I ever fixed properties?” I’ve done work as a sub on others’ deals. I’ve spent about 40 years as a handyman, with an especial focus on tuck pointing and brickwork, especially chimney repairs. Can do gutters, drywall, roofing repairs, plumbing, and small electrical also, but my knees would rather do as little of that as possible these days. Don’t as yet have a well developed investor list. I’m in the St. Louis, Missouri area.

[John Narez]

John Narez

Initially, it seems prudent to do some wholesaling. Maybe some fix & flips. Long term, I’d really like to explore investing in debt. Yeah, for now, dealmaking in one’s own area seems prudent, too. Don’t yet have a strategy for lead generation except to drive around in various neighborhoods and write down addresses of apparently distressed parcels.