All Forum Posts by: Joshua Nobles

I have a question about appraisals on a mobile home park. The park I am looking at has some mobile homes that are "rent to own". I understand the valuation of the lot rents, but how would the income from the RTO be valued. I wouldn't think it would added into the income that is capitalized. Would the total amount owed on the trailers be added to the capitalized value?

I am going to start investing in Indianapolis from out of state. I have some possible deals in the works. I am looking for a property manager. I will need someone that can go look at the properties to let me know how much they will rent for and what repairs are needed. Does anyone know a “rock star” property manager? Someone dependable and honest that you would recommend?

Thanks for the replies everyone. The "bond for deed" may be just the thing. Thanks for the info Shaun R. Any ideas where I can research that to learn more?

Hi guys, I am working on a sale of a property. I am going to owner finance. It is a very inexpensive property that needs a lot of work. The property is in New Orleans, Louisiana and here are the terms... $7000 sale price $500 down payment 7% interest Amortized over 7 years Total due in 2 years Here is my question. Buyer wants me to do a quit claim deed, and record the loan. He says he does not want to pay a closing attorney to close the sale. I am hesitant. My thinking is if I do a quit claim deed and he doesn't pay, I can't foreclose and take the property back. Am I correct? What are my options if he doesn't pay? Has anyone ever done a sale this way? If you are familiar with Louisiana laws that may help also.

Do you think you could get permits to put multiple tiny houses on one lot?

That's great! Seems like that's quite the cash flow. I was considering the tiny house strategy recently. What do you think of putting multiple tiny houses on 1 lot?

Thanks Stan. I'll get in touch as soon as I find a deal.

Thanks Bernie. I will definitely take that advice.

Hello everyone! I am a newbie in so many ways! New to the Atlanta area. New to investing. I am just getting started and looking for my first deal. I would like to network and meet wholesalers and hard money lenders. I'm really excited to get started and really loving all the info on BP.