All Forum Posts by: Eric Gard

Just the trailer.

I forgot to mention I'm planning on doing a Lonnie deal on it.

I'm going to check out a 2 bed 1 bath mobile home tomorrow. Everything sounds good, he had to move for his job. He is asking $8000 or $3000 down payment and make payments.

The mobile home is a 1972 14x60.

He completely remodeled the inside, hardwood floors and new carpet, includes gas oven, gas stove, microwave, no dishwasher, gas furnace, no washer or dryer.

Second bedroom is tiny

Is there demand for this kind of mobile home usually?

I think I read somewhere, plan to hold it for 45 days?

What do you think would be a good cash offer for this?

I'm totally new to this, so any advice would be awesome :D

So what do you do in the event they default and you have to take back the house?

Is it very difficult to get the title back in your name?

When I go to sell the mobile home under owner financing, who hold the title usually? the Me(seller) or the buyer?

How do you insure interest in the property?

It seems like it would be easiest to just continue holding the title until the final payment is received. That way there is no need to keep transferring title and having to pays more fees associated with all of that.

What is everyone here doing?