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Updated about 10 years ago on . Most recent reply

User Stats

58
Posts
20
Votes
Shelli Callan
  • Real Estate Broker
  • Kalispell, MT
20
Votes |
58
Posts

Talk me out of it.....

Shelli Callan
  • Real Estate Broker
  • Kalispell, MT
Posted

I am considering buying a mobile in a park and fixing it to resale with owner finance.  The landlord of the park knows what are plan is and called me with the deal, but yet he will still have to approve the person who buys from us.  I know the risk of being at his mercy and yet, I am so tempted.  I can buy it for almost nothing, fix it with not much money out of pocket, but lots of work, which I like to do.  Good profit potential.   I think I understand the Dodd Frank issue and this would be the only one we do this year.  Advice??

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Shelli Callan Broker with Ideal Real Estate

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