All Forum Posts by: Carrie Collyer

Thanks all for the Welcomes. Just hearing the surface noise, it looks like Seattle is not a great area for investors. I am looking today though at some investment opportunities in my home town. There's no time like the present!

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Thanks Jon Holdman, I hadn't realized I had posting incorrectly!

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Welcome Coner! Yes Property Management is a great way to gain expose and become educated in REI. I hope at some point to make my way to the Seattle area. Best to you.
Carrie

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That sounds great Joshua Dorkin. I am looking forward to hearing a podcast on Mobile Homes and Mobile Home Parks.

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Sorry- apparently I hit "send" prematurely. I accustomed to other formats :)

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Originally posted by Bill Gulley:

And how many "investors" think they are helping people by financing $2,500 mobile homes for $6,000?

BTW, if you can buy something at some price and the item was basically exposed to the market, advertsied for sale, the value is what it sold for, not 2.5 times more. Just because you can get some nieve simple minded person to sign an agreement doesn't mean it's worth more.

Bill- I am one of those "investors". It is ironic the above numbers were given. 10 years back, I bought a mobile home from an owner who tried to sell it for $5000 cash but was unsuccessful. I offered $2500 cash and sold it for $6000 on a note. My buyer put $1000 down and ended up making $800 payments since this was what she had been paying in rent. She paid it off quickly and owned her home. Is she the naive simple minded person you are speaking of? Am I the unscrupulous investor who took advantage of my seller and buyer? To me it was win-win-win. The seller couldn't find an end user with that much cash-the buyer could not pay cash and couldn't get financing. I took a risk and stuck my neck out. That's why a those in business deserves a profit, isn't it? Some deals I made money on Some I lost. I don't hear complaints when wholesalers did nothing more than inform another of a deal. Just my thoughts. No hard feelings. I enjoy a lively debate.

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Yes Dev Horn, I plan to. I heard the podcast with @J Scott. It sounds excellent!

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Wanted to take a moment to say how helpful the Ultimate Beginners Guide to Real Estate Investing has been. I am currently devouring Chapter 7 -Real Estate Marketing.
What chapter have you found to be the most helpful?

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It is such a shame that investors can no longer assist buyers in purchasing a modest mobile home. The regulatory office in Alabama told me they were "protecting the buyer". How are many of these people going to own their own home? That must be the reason most of the parks that I have visited are rental parks.

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Best of luck Josh. It should make it easier to manage with 12 homes in the same location. Keep us updated.

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All Forum Posts by: Carrie Collyer

Carrie Collyer has started 10 posts and replied 62 times.

Post: New from Mobile

Post: New from Mobile

Post: Newbie from the Pacific NW

Post: Podcasts on mobile homes?

Post: Are Lonne Deals Dead - SAFE Act?

Post: Are Lonne Deals Dead - SAFE Act?

Post: Incredible resource -Thanks BP!!

Post: Incredible resource -Thanks BP!!

Post: Are Lonne Deals Dead - SAFE Act?

Post: Buying a MH portfolio