Encounter: STG: Fran

User ID: -
Date: 05/09/2020
Name: Fran
Phone: 850-290-4796
Email Address: -
URL (Profile or Bio Page): http://pensacola.skipthegames.com/fe...n/503985016515
City: Pensacola
State: Florida
Address: Not so nice hotel on Pensacola Blvd, kind of near Sam's Fun City
Appointment Type: Incall
Activities: BBBJ
Duration of Encounter: 30 minutes
Hair Length and Color: Blonde, shoulder length
Age: 40s
Smoking Status: Smoker
Ethnic Background: White/Caucasian
Physical Description: Thin, very worn down white woman
Recommendation: No

So what exactly is the ROI on a 1 acre lot? And how do you go about getting those? ��

You know, I'm glad you asked because I enjoy discussing things like this. So, the typical 1 acre lot and trailer in Alabama rents for about $600/mo. It can be as low as $500/mo or as high as $650/mo. Mine all rent for $650. The last two that I bought in Dothan were purchased for $38,000 and $16,000, respectively so if you do the math it's RIDICULOUSLY good. Let's say you paid the $38,000 and used a property management company (as I do). I net $562/mo after everything for an ROI of 17.7%. Typical real estate returns are more like 7-8% but these are twice that. The negative of course is the type of tenant that you get. For example, I bought some homes in Las Vegas during the housing crash for about $74,000 each. Those things rent today for $1,300 (they rented for $950 back then), however I have NEVER had to fix anything that wasn't normal wear and tear (e.g. new blinds). But these trailers? The last tenant one one of them just left without saying anything and out there, they don't chase down these types of individuals for broken leases and what not. When they got a new tenant in (which took no time at all), they found that the stove and refrigerator no longer worked. What did the previous tenant do to them? I have no clue, but you just get shit like that where people break stuff for no reason. I dragged one of my co-workers into this type of venture and he had one tenant who moved the refrigerator, busted a hole in the floor, and put the refrigerator back over it. Why? Who the hell knows.

But in the end, I think I'd like to buy one of those 15-25 acre lots and create a trailer park. You can rent the actual spaces for $250/mo or so and they bring their own trailer. Cities like Dothan are really growing so I see it as a great opportunity that flies under the radar because trailers just aren't sexy. Like one of my co-workers bought a duplex outside of Los Angeles for $660,000 which takes in $4,800/mo in rent -- which of course is about 8%. To me, this shows the problem with investments that are more visually attractive, namely that all of the value is already squeezed out by the seller so you're left grinding, hoping that you win the inflation game.

Nice

Now, that makes sense...

This is a fascinating read on so many levels.

It's like, come to my seminar and learn to become a slum lord...

Very, very interesting. Took the thought out of my mind x-many months ago.

Watch the movie Pacific Heights with Matthew Modine as the landlord and Michael Keaton as the tenant, you'll never want to own rental property again :-).