All Forum Posts by: Leslie A.

@Logan M.

That’s a wonderful point. Not to mention increasing the value of your property

@Logan M.

Agree. There is more than one way to invest. I did an even “Lower” class of rentals and felt it was well worth my time and investment

@Crystal Schmitz yes. The passage of the Dodd Frank Act and the SAFE Act did drive out a lot of owner financing that was going on. In essence, lending had to be conducted as a Mortgage, not chattel.

I’ve been out of touch on the laws recently, so don’t know the current status of the law.

I know there’s a guy named John Fedro who had (has-don’t know) a course for how to provide owner financing and I believe had a way to do it legally. You might do a search for his posts.

@Logan M.

And I bet it has tons more impact when delivered that way They know you mean business

 Sure. Feel free to message 

@Dan Sager you could check with 21st and Vanderbilt. Both finance mobile homes

@Michael Temple. Yes. I’m really not aware how people are currently getting around Dodd Frank. Last time I was heavily involved here in that discussion, almost everyone had abandoned Lonnie’s model.

I mentioned John to point out that his model is based on Lonnie’s, but the profits are much higher. For example, Lonnie would finance for 2 or 3 years. Fedro stretches it out to more like 10. If memory serves me.

@Michael Temple. Thank you for the info on Dodd Frank. 
some people have taken Lonnie’s strategy and made the profits exponentially larger. I’m thinking of John Fedro, who’s posted a lot of info here. 

Vanderbilt and 21st Century finance mobiles. Maybe they can help 

@Jeff Cua. This isn’t high tech, but my bank was close to my rentals, so I gave my renters a stack of deposit slips all filled out and they deposited their rent at my bank.