All Forum Posts by: Karli F.

Thanks @Bill F.  I still have to discuss financing with the seller.  I'm open to either.  There is a bank that I'm sure would help me out with this purchase.  They do portfolio loans and I've worked with them in the past.  The park is small and rural; all the homes are OOH.  There are 90 pads and vacancy is high...the current owner has not kept the place up over the years so it does need some work.    

Did you find it hard to get approved for financing with a new LLC?

Hello,

I am currently in a position to purchase my first investing opportunity and my first MHP. I would like to have it in an LLC but I am unclear on whether I need to have that established prior to the purchase or if it can be transferred afterwards (or what is easier). Experienced input would be much appreciated! :)

Thanks Keith!  I would love to hear what you think of this project.  Currently we are negotiating price so I will touch base with you when there is a positive outcome.

Great advice!  Thanks!

Well BiggerPockets, I finally found an amazing property to flip.  I have a hard money lender set up.  The house is higher end and needs a lot of work so I need a full time contractor/remodel company to assist me.  I am highly skeptical of construction/remodeling companies as I've had many friends with terrible experiences.  Can anyone refer a good company in Minnesota that can do a full remodel or offer any advice as to hiring contractors in Minnesota?

Your advice is so much appreciated!!