All Forum Posts by: AJ Locke

Good Morning BP,

I have been flipping mobile homes for awhile.  I am in Florida and if I wanted to buy using seller financing, how would I go about selling with seller financing when they are in a mobile home park.   I know that when I buy on payments the seller and I go to dmv and they get to hold title in my name with them as a lien holder.  I have no title to transfer so how would I be able to sell it on payments to someone else?. 

Thank you and looking forward to everyone’s response!

AJ

Good Afternoon BP! I have a seller in preforeclosure in a very nice area of Florida with 30-60 days to sell his house. The house is 1 and a half years old and no repairs needed. What would be a typical starting point to negotiate a price? Would 80% ARV plus wholesale fee be good way to look at these types of deals? Thank you in advance for your insight!

Good Afternoon BP! I have a seller in a very nice area of Florida with 30-60 days to sell his house. The house is 1 and a half years old and no repairs needed. What would be a typical starting point to negotiate a price? Would 80% ARV plus wholesale fee be good way to look at these types of deals? Thank you in advance for your insight!

@Jose A Serrato A 203k loan would be a great option as long as the property is deemed still liveable by their standards. If, not you can get private money/hard money to acquire the property, then rehab.  Once complete, apply for an fha cash out refi.