Re: 4 concerns - vacancy, non pay, rent incr

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Posted by joe--ga on November 15, 2009 at 06:18:39:

In Reply to: 4 concerns - vacancy, non pay, rent incr posted by WA St MH Park owner on November 15, 2009 at 03:53:09:

I would suggest you get lonnies books and read over them.I am not one to jump for every real estate book or tape that comes along.I DO have these 2 books and I read back over them all along.AN endorsement coming from me on anyones books and tapes, that means you can actually use the info in them to solve your problem here.They are not priced very high, but has a goldmine of information in them.....
Whats the mobiles worth for the general public to buy, FINANCED? How much do you owe on them? where are they? If you could get $2000 down and a monthly payment for them,could you come out ok like that? There is a financial calculator at the heading on this site, click on it, price your mobiles,add about 10% interest and see what your monthly payments would be...Do you own the land? I would rent the land if you do/LOT RENT.....plus a mobile home payment to your customer....put a sign in the windows,,,,
"for sale"--OWNER FINANCING"
your phone number and your asking price...Lonnies package also has some forms to use for this type situations....and this forum has information from investors who have been in the business from 3 days to 50 years on it.. there is alot of good information here.......GOOD LUCK.....if you play your cards right, you might pay for these homes taking down payments in.I have a friend who has paid for 2 doublewides in 2 years with down payments.Peoples situations change and the average tenant will stay with you 18 months and want out of the contract, so you might see these homes 4 or 5 more times before you actually find someone who will pay it out....but that how one makes money....its like an ATM machine, although its kinda big and you dont have to insert your card to get it working....hahha...

ps...if guns kill people, then I guess I can blame my misspelled words on my keyboard?

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