All Forum Posts by: Account Closed

@Charlotte Dunford And sometimes you have to take what you can. If he has a payoff of 300k and is only getting 250k from you and doesn't have or doesnt want to pay the other 50k then 300k is what it might take for the deal.  I feel these are reasonable terms on sub million deal.  If its more than that, you can always explore your other options in the mkt place .  You can always see if they might consider 4.5%, with rates trickingling down might be something to consider if they keep it with it.  And that being said, dont be greedy and blow a deal over some nickels :)

Term is too short, amortization is too short. Especially where we have a possible recession on the horizon. I would really want at least 20 year ammo. 5 year minimum term, really 7 is better, 10 is strongly preferred. All this will take into account the actual deal and upside seeing what the cash flow will be. Then 60 LTV is slightly low. Maybe share the deal numbers.Always see what you can work out with seller financing as an option maybe even the best option . @Jordyn Rodriguez  Study the asset class also before buying. Mobile home university is a great place to start

When you have a deal that comes in front of you , and you got just enough to make it happen .... you go all in because that was your only choice :)

@Jay Hinrichs Can you clarify about the credentials package?  Haven't heard that one before.  Sounds like a resume type thing you would share with lenders/ investors?   Sounds interesting!

Great question, i have wondered about this myself .

Good thread, @Kyle Kovats are you able to share what market the worst one was in?  Im just curious if its one of the mkts you hear come up over and over. 

@Teresa Grim just seeing your message, pm sent with info . Good luck . 

@Brendan Flannery  That is so awesome and great to hear!! Congrats!!! Will have to meetup again sometime and catch up : )  Keep up the great work !!

@Brendan Flannery Contact 

John McCawley

Coastal Group & Associates Insurance Agency

He's super knowledgeable  will get you a quote with the right coverage in the snap of a finger.   You can tell him you received his info from Jack with Marvel Equity and he is out of League City. 

I tried to post his number and email but BP doesn't allow it so just sent it to you in an email. 

@Fabian Alvarado I am in the area ,i am doing mobile home parks.  Feel free to each out.  Im always looking for mobile home parks.  And occasionally will buy homes or offer places to put them depending on project availability.