All Forum Posts by: Brenda Snyder

We just signed up but we have a networking meeting earlier in the day so we will attend as soon as possible. Sounds very interesting, thanks for posting the link.

@Justin Steward Welcome, I'm new to this as well and I'm also located in Buffalo.

@Mark Gruetzmacher Thank you for explaining that. I will investigate further.

@Derrick H. That was really well said. We are just starting but having the right mindset goes a long way no matter what you do in life.

@Mark Gruetzmacher the park includes taxes in the lot rent along with trash and water.

We plan on flipping it and found out today that if we do owner financing the park manager already has a rent to own buyer approved. It is 1988 Patriot and the lot rent is 506. We do not plan on living there. It needs to be painted and new carpet put in. We have not gotten prices for the carpet and paint yet.

I would like to do owner finance but we do not have the capital to buy it out right at the moment. After a few more deals we will. The park owner said we could do rentals also. He also confirmed it is worth 30,000. once its fixed up.

We feel like our only option is seller finance and then a lean on the rent to own portion of the bill of sale. Our other option is to find a cash buyer that is ready to move forward with a small assignment fee.

We just started investing and found our first mobile that has a very motivated seller and a nice margin. We went and looked at it tonight and took pics. This place is a 4/2 and all it appears to need is new carpet and a paint job. It is a double wide on a foundation with an attached garage. He was asking 18k and in just a few minutes on the phone he dropped it to 15k - CASH! This mobile appears to be worth well over 25k ARV. We understand that the next step is to put a contract on the property but we haven't done one yet and are in need of some help. We are in Buffalo, NY but the mobile is in Lockport (about 30 minutes away). We do not have our power team put together yet and do not know what documents to legally fill out. We also have some leads gathered for people looking to buy, but not sure legally how to proceed. We would prefer to wholesale this property to someone with more experience, but again, we really need some help with the technicalities. Any advice would be greatly appreciated.

Glad to hear you are in our area!

We are just starting in the Buffalo market, so this is peaking my interest. I will be following to see what the experts recommend.

Thank you for sharing your amazing story, this will be sure to inspire many to follow in your foot steps.