Investing for Cashflow: Brainstorming

At this point, all I’ve got is a tenacious notion somewhere in this vicinity:

• Paying off truck/tractor=good idea
• Investing 30K=much better idea

Reality? I have 4 months to find and acquire an asset producing positive cashflow after expenses of $750/month. But to get from here to there, I’ve got to leave the realms of speculation and see what’s available.

 Idea #1

Buy a mobile home on land. These are readily available in our area and finding something under $30K is definitely possible. To bring in enough cash each month, the trailer would have to be 3 bedrooms, 2 bathrooms with a garage or carport and located in a school district with higher potential rent.  We’re not afraid of mobile homes–lived in one for years. Upkeep is minimal and repairs are inexpensive. However, they simply do not appreciate and we can count on offering owner financing once we’re ready to sell.

Idea #2

Look for a nicer 3/2/2 that will cashflow $750/month with a 30K  down payment. This is possible, but unlikely. So far we’ve never found a single house that will cashflow this much. Checking foreclosures might yield something, but no breath-holding allowed.

Idea #3

Buy 3 smaller homes, each with a 10K down payment that will cashflow at least $250 each. This is a better possibility, but more involved and might take a year to find all three homes… doesn’t exactly fit our timeframe. Finding some way to speed the process could make this work.

Idea #4

Look for a multiplex and use the $30K as a down payment. These rascals are few and far between although I know of one that might work– a six-plex with an unhappy out-of-town owner.

Time to run some numbers and check the listings :-) 

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Tags: asset, assets, cashflow, foreclosures, investment, liabilities, liability, mobile homes, real estate