What can you expect to pay when working with our full-service real estate team? Are there monthly fees or membership costs? On this Q&A Monday, I’m answering this question!
On today’s show, I’m replying to three listener questions about what it costs to work with Morris Invest, what to consider before building a new property on a piece of land, and how to get equity out of a mobile home. Press play to hear my answers to your questions!
On this episode you’ll learn:
- What it costs to work with Morris Invest.
- What to consider before building a new property.
- How to get a loan on a mobile home investment.
- And more!
What It Costs to Work with Morris Invest
When you work with us, you pay the price of the property— that’s it! The benefit with working with our team is that we work in high volumes, and therefore don’t have to charge extra fees. We are an education company and we believe in financial intelligence. All we ask is that you take the time to educate yourself on the strategies we offer and gain an understanding of the value and benefits we can provide. You do have to pay your property manager a monthly fee, but we work to negotiate a low fee for you.
What to Consider Before Building a New Property
Usually if you’re planning on buying a piece of land, you can negotiate the price! That’s my number one tip in this scenario. Check the county records to see who owns the land. As an investment, be sure to run your numbers and ensure you can generate a high return. Additionally, you’ll want to check the demographics of the area. Look for metrics like crime rate, population growth, school districts, and job diversity.
How to Get a Loan on a Mobile Home Investment
It can be difficult to find a loan for a mobile home, but that doesn’t mean it’s impossible. I don’t have a specific recommendation to share, but if you shop around on the national level, it can be done. Be prepared to pay a slightly higher interest rate. If you’re unable to find a mobile home equity loan, consider taking out a private loan or checking out your local real estate meetups.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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