All Forum Posts by: Eric Foster

I assume you are talking about already in a park? Where I am at, there are no $2000 - $3000 homes in parks…

I also assume you are you paying cash when you purchase the home?

Here we go…
1) Many parks do not like non owner occupied buyers… And will require the buyer to get approved for the park prior to buying.
2) Homes many need repairs exceeding the down payment collected should the buyer default
3) The homes are not well built so they wear out faster
4) The buyers that will live in these homes are maybe not the most gainfully employed.

Let’s start there…

mac66,

Any updates on the house with the IRS lien?

What is the overview of his system?

Why don’t you give a 1,2,3 overview of what Lonnies system is… That way others can give you the comments that you are looking for?

Try Chapter 441 and Chapter 535…

The landlord tenant laws for most states are online. Give this a try…

http://www.moga.state.mo.us/STATUTES/STATUTES.HTM

P.S. How did you get their email address?

Personally, I only worry about what the numbers are on a property if I have communication going with the current owner.

It doesn’t matter how good of a deal is based on the numbers if the owner is not going to sell.

The exception to this is if you are prepared to go buy the property at the foreclosure sale, which usually takes all cash the day of the sale.

When working foreclosures… there is nothing to work on unless you have or can get communication going with the current owner. It is still their house, and while in foreclosure, the bank cannot sell it to you, as they don’t own it.

Get in touch with the owners…

If it is vacant… That is a good thing! Is it?

Very nice!

You may want to ask this question in the lending and loans area in Bigger Pockets... Maybe some loan officers can comment on it too!