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Updated over 4 years ago,

Shaun Holden's profile image
Shaun Holden's profile image
Shaun Holden
  • Wholesaler
  • from Severn, Maryland
  • Member since May 4, 2015
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2
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1
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Shaun Holden's profile image
Shaun Holden's profile image
Shaun Holden
  • Wholesaler
  • from Severn, Maryland
  • Member since May 4, 2015
Connect
Shaun Holden
  • Wholesaler
  • Severn, MD
1
Votes |
2
Posts
Wholesaling

Mobile Home

Shaun Holden
  • Wholesaler
  • Severn, MD
Posted

There is a mobile home in a park I’m working on. The park will not allow rentals and I am not allowed to buy and then sell it. The only way I could think of to make money was to wholesale it and hold the note for the difference. Does anyone have any other suggestions?

The owner wants 8K. I plan to wholesale it for 10K-12K. For example: If I get a buyer with 6K to put down I will pay the current owner the remaining 2K and hold the note for the difference of 6K to 12K.

In addition, I’m not exactly sure how to hold a note for a mobile home. Would I just hold the title?

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