All Forum Posts by: Jonathan Jewell

Mobile Home is being sold AS-IS with no warranty expressed or implied.  Buyer is responsible for all repairs after signing,  

Just think of it as a smaller house. They don't go to the lender or previous seller to get home fixed down the line correct?

Also you mentioned the roof and water heater.  In my business I completely renovate the homes they have pretty much new everything. I also coat the roofs and install new water heaters if they are over 5 years old.  I don't like headaches or having to comeback OR having a reputation that I sell sheet, which I don't.  People love my homes.  So I go the extra mile and make sure everything is new or fixed properly before anyone moves in.

@Jessie Nunley  All from the heart man.  Go for your dreams, have no regrets.

@Gulliver R. That is correct

@Jessie Nunley  Either stay away from them or wash them out of your life for good.  I couldn't be more serious.  Wasted 2 solid decades listening to my family say NO, or im crazy, I'm an idiot for trying that blah blah blah.  Mid 2000's I literally pushed them all out of my life, every single negative one of them, yes including my mom (But I stil call to say hi)  6 months after I did that.  I made $186,000 on a major flx and flip.  $186,000  AFTER my expenses.  Right after I bought the house I got laid off.  I used whatever money I had left in my bank account to pay the mortgage and fix up the place. I quickly ran out of money so I cleaned buses at night.    The car I used to transport all the materials was a 1988 Lincoln Town car.  I read book after book on how to do wiring, drywall, tiling plumbing because I couldn't hire any contractors.  I started believing EVERYTHING my family for years would say to me.  I can't tell you how many times I sat inside that house alone and cried cursing myself.  But the next morning I rolled over and got to work ... And then one day I was finally done....... After the sale the money was wired to my account at 3pm  I remember sitting in my car looking at my phone and seeing my bank account on my screen and $186k,  I was numb the whole day, drove around for hours going no where, then later I cried, because I internalized all that negativity for years and years from my own family (I wanted to start RE when I was 17,  I almost gave up numerous times rehabbing that house, their voices kept creeping in telling me I was stupid, I can't do it.

F Them dude, stay away from them, and make YOUR life better. The fact you can think about it means you have the capability to do it.   I never told anyone that story, but what you said hit a chord within me, but its as real as the day it happened.

Congrats @Gulliver R.!!!   Well I do things a little differently to protect myself  from what you described (non payment) I keep the titles in my companies name on my premises.  Once the note is paid off, then they received the signed title for them to put in there own names.  Other individuals and banks mostly will issue the title in the borrowers name BUT they put a lien on the title.  The borrower still does not get possession of the title until after the note has been paid off, which then the lien is signed off on and mailed to the borrower.  Look at the two titles.  One just came back the other was from a trailer I just purchased.  You see what I mean

I like the most protection, and not thrilled with the idea of yet another cook in the pot.   I also don't like the idea of the buyer holding onto the title.  I cannot tell you how many people have lost thier own title.....   omg so far I would say I'm a little over 110 meeting sellers with no title.

Thats the way I do it.  Like I said in previous posts, where I screwed up was in my wording in my agreements or rather lack thereof.  Put LEASE TO OWN in bold.  Make it clear.  Lesson learned for me.   One papers are signed and payments are no longer being made you can evict as if they were a renter.  No need to foreclose, because your not recording a mortgage with the county

Hope that helps ya

@Jon Weldon. It depends on the state your in. Here is PA mh's are treated as real estate and taxed as such. 

BTW Buffet is a total scum bag for what he's doing to people that buy Claytons homes.  Completely and legally exploiting and stealing from people.  He used to be someone I admired back in the day but no more.

@Joshua D.  Whatever utility your tenant doesn't pay, will be the utility that's used and abused with no thought to expenditure.  With that said, to answer your question NONE, or at most bare minimum.

@Account Closed  I forgot to add about the CRM.  If you use gmail for business you might wanna try Prosperworks. I just started using it myself a few days ago.  I'm still playing around with it, but to me it feels very intuitive, and easy to use and it pairs directly with your gmail acct. Give that a look too, just another option.

@Joel Owens  That was an excellent real life example of a commission break-down for a typical realtor.  I believe most people have no idea of the actual figures a realtor gets on a low end property.  That has been one of the main reasons early on in my career, to be very selective with the properties that I want.  I always give the analogy that if your shotgunning low ball deals its like running a waitress at a diner.  The poor lady is working for peanuts and your making her work 10x as hard.  

@Account Closed  My mantra is don't shotgun lowball deals, be selective, (What if all the deals got accepted all at once???  Could you close them all?) and if you have a low end property, offer to still pay the same commission on the list price, even though your offering less.  Do that, and whomever you use will take you seriously, because its worked for me on each and every low ball offer I ever gave.

Just my take on it, hope that helps

@Jonathan Halverson Oh ok now I get it, I really didn't understand what he was trying to convey in the question.  Thank you for clearing that up, have an excellent day! :-)