All Forum Posts by: Frank Matanane

Thank You Patricia!

I'll have to put that one on my book list. 

Best Wishes!

PS. I have fond memories as a young boy in Germany. Especially my first year of university in Munchen. (Late 1980s) Also had a family stationed years ago at Salzburg. 

Hi @Matthew R Crawford,

It's all about 'Networking'. I would highly suggest finding a local REI group or two and attend their meetings. Go to those with a 'on purpose' mindset to meet people who are doing what you want to do. Many (not all) love to share their knowledge and dont mind helping others.

Be a sponge...take notes and find a few people you connect well with and then just ask them to lunch or coffee. "Can we get together" for a half hour or so, so I can ask you a few questions.

As you learn, feel free to offer your time doing some leg work for them in exchange for some education time or help analyzing a deal.

You can plant signs, address envelopes, drive properties, etc...there is a ton of legwork/detail type of work an investor would be willing to have you do...you just have to find out..."Is there anything I can do to help you out for a little of your knowledge?"

I did that same kind of thing and now instead of just finding a mentor and learning for free, I am learning AND "earning" as his buyer.

Hope that helps. Best Wishes!

Hmm. That's a twist @John.

In short yes.

I've been informed by many other investors that even if a mobile/manu's title is surrendered and now classed as real property, it still falls under the rules.

Dbls/Triples before 1976 wont finance. Singles I believe it is before 199x and it wont finance

Same goes once someone 'Physically attaches' a structure (thus altering) it wont finance. (You can but porch and awning right up to it but dont fix it physically to the structure)

My guys out here have tried finding a lender for those and cant. 

Hence the reason for asking what adjustment should/would you make?

Thanks

Hi Guys,

For those of you who "don't shy away from manufactured homes on owned land (vs park owned land) you know that certain attributes like age and structural alterations can cause a manu to no longer be financeable. 

I'm curious how much of an adjustment do you make for that, knowing your exit strategy has to be to keep it as a rental or sell it to a cash buyer or carry the contract yourself?

TIA!

Thanks Tom

Hi Mike,

Was this reply meant for me? I have no hyperlinks in my post???

Hi All,

Looking for recommendations on your favorite book or resource that has helped you out when talking with sellers?

Thanks

Hi Guys,

Looking for a resource of some kind of calculator that can help you structure an offer using seller financing?

What are you using?

What makes it an owner carry a good deal?

Thanks

Hi Guys,

I'm not a commercial guy but would like to learn and have also come across a few leads that I just didn't know where to start in analyzing?

Hoping I can get some basic questions answered? I'm sure there are a lot of variables that would come into play not normally seen with regular single family residential so by all means share what ever you can.

My goals here is to wholesale any lots I come across but need some basic numbers that a developer is considering.

What makes a raw land deal worth pursuing?

What goes into a MAO calculation for land development?

I've heard the number for MAO in development be 30-40k/unit here in the Seattle and Central Puget Sound Area.

Is that all inclusive with land and planning costs?

If a wholesaler came to you with a deal, what do you want to see in the package?

Lets use an Example.

If I came to you with a 15 acre very level parcel that needed trees removal and not much grading. Utility connections nearby. It was zone commercial and be developed with a minimum of 150 units to a maximum of 450 units. 15 minute drives to major employment centers and shopping

Would it be a good deal at 2M / 3M / 1M?

Why or why not.

Thanks guys!!!

Yes with me here in Wa.