All Forum Posts by: Lynn Harrison

K. Marie Poe, Thanks.

OOPS and Yep. We just did the numbers and unless we find a killer deal it doesn't seem worth it to us at this point. The mid priced mobiles don't seem to be selling very fast at all up here and like you say... problems with lower priced. The main problem is we'd like to buy an REO and if we do this our $ is tied up. And the $ from interest on a lower priced unit isn't worth it. It would have to be 6 of them. Not likely to find 6 great deals in our low population area...

We also figure 2K for evictions if things don't go well.

$525 is a bit much. If you find one in a park with lower rents you may want to talk to the owner about buyer qualifications- you might be surprised. I see a lot of people moving into parks who can't have good credit. The one we're in only requires a social security #.

Thanks J Scott! Good info & well written.

Definitely a consideration if we can find a good deal close by. Most deals under 15K are not advertised here. We can do some footwork and put the word out and see if we get any bites.

We got the one we have for 4K, but it needed a lot of work, and it was through a friend of a friend. Most go for 10k here in bad condition. We could sell quick for 15K cash, maybe 18K to 20K if we finance. I like that idea very much. Will have to check numbers if something comes up.

Anybody have a good sales contract? Or is asking for one a faux pas?

what specifically is a "Lonnie deal"? anybody have a link?
I gather they are re-sell deals w/owner financing. Anyone doing this in California?

how much can you sell/rent it for (quickly) and how much time and $ will it take to fix it? Can't be a high end park... Do you have experience with park tenants? If it needs repair, do you have experience w/ MH repair?

oh, didn't see that post, congratulations!!

I think it's unethical too. People lie all the time, it's a pain when you have to do business with a liar. But I don't want to take the time to get upset about it for too long, it's not worth the energy.

There may be a work around and perhaps some here could chime in. I read a thread here a while back where someone sent in an offer (B&H??) and also had in there that they would pay $500 over and above any legitimate offer. They had to show/prove it to him before he'd pay additional.

What about offering a B&H +$500 additional on legitimate offers up to a certain amount? Could this be called a B&H? Or what would it be called? How would one do this?

I no idea if the REO agent here is doing that or not, but we may go this route just because it doesn't hurt and may help.

Will & Ed, thanks for all the info, Great thread!

& all
I wouldn't mind working with a selling agent in theory. and can see why it's preferred. But in this particular case I don't think It's the best option. I'll be talking with her again and maybe things will change.

Jake, lol, that post actually gave me more confidence. I already know what odds I'm up against.

Jake, sounds realistic to me. Yep, that was harsh but absolutely hit the nail on the head. I don't expect to find a great agent. Not sure if it was addressed to me but it all fits.

Thats something I like to hear....

I'll have to read this second page of postings another night, Looks like a lot of info and I need to shut down for the night. Thanks.