All Forum Posts by: Daniel Ryu

@John Van Uytven

@Sean Walker

Hi Sean, I don't have any advice in particular but here are some thoughts:

1. The bank might not want to put in writing that they are waiving their right to acceleration (due on sale) b/c of regulatory issues. Maybe calling and asking for a verbal confirmation might be something they're willing to do.

2. Could your wife fly to Guam / US to get the document notarized?

3. As far as the acceleration clause: If you signaled your intent to the lender via a phone call that you were going to place title into an LLC that you and your brother owned (or a trust in your brother's name that named both he and you as trustees via a quit claim deed) and the lender went forward, even without agreeing not to call the note due, my guess is that the lender would not try and stop that from happening. It would be a headache for them and they might be inviting a legal battle which they'd want to avoid too. I don't have experience doing this - it's just something I've heard other investors talk about when trying to use conventional financing to buy a property but also wanting to involve partners in the transaction.

Although it's been a huge pain in the *** up til now, I think there's a lot to gain from this experience if you're able to close it!

@Tim Johnson

Thank you for that insight!

That helps.

Hi @Bonnie Rakes

Sounds like you know Ponca City well!

I'm working on doing due diligence on a mobile home park out in Ponca City. 

From your paragraph, sounds like the area is well positioned for mobile home park investing.

Just wanted to reach out and say hi.

If you have any advice re: mobile home park investing in Ponca, I'd love to hear it. 

Thanks.

@Tim Johnson 

Hi Tim.. I'm doing due diligence on a mobile home park out in Ponca City. I was wondering - what did you find out about that market? 

@David Luetkemeyer

Hi.. same questions for you to David. Any insights you might be able to provide on Ponca?

Thanks.

@Bonnie Rakes

Hi Bonnie.. Right now I'm doing due diligence on a mobile home park out in Ponca City. I was just wondering - what do you think of the area? What's it like living out there?

@Micki M.

That looks delicious. Coincidentally I was able to eat some Kalbi too in Pasadena on Sat. A little pricier than Korea ... but delicious!

@Micki M.

Hi Micki .. Hope you're enjoying your time in South Korea. I lived there for 17 years. I still help organize a Meetup out there of real estate investors. If you'd like to connect with other investors and BP members while in Korea, let me know and I'll get you in contact with the group organizers. I know we're planning a happy hour soon. Enjoy some Kalbi for me ^^

@Eric Gabriel

Congrats Eric!

Good luck on ramping up your operations.

@Jefferson Lilly

I've heard that BP interview and honestly, it's one of the reasons why my interested in MHP was peaked! I'm also subscribed to your podcast as well. Thanks for letting me know about San Angelo and thanks for reaching out.

@Patrick Keely

That's awesome! I appreciate your offer to help out. I'm working on Due Diligence on some other parks that have priority but I'll definitely reach out when we turn to San Angelo!