All Forum Posts by: Frankie Lubin

Welcome to BP Harry. 

Is there anyone who invest in mobile homes in Atlanta? Buy and hold them or owner Finance the To retail buyers. 

I got a 3/2 Mobile Home for sale In Buford Ga 

Home is located at Countryside Village Of Gwinnett 

May have a retail buyers in place depending on the timing. They need someone to carry the financing as they cannot purchase in cash.

You have the ability to mark up the price if you are going to sell thru owner finance. 

This will work great for someone who is building a buy and hold Portfolio or a private lender.

Asking $39,000

Accepting all offers. 

Please call For more details if you want to take advantage of this.

I know you listened to podcast 111, this is not a mobile home lot but it may be a great start toward that niche. 

Call me for more details 470-210-4727

Only Serious buyers. 

If there are any serious cash buyers or even first time buyers that are looking to invest in Atlanta and its surrounding cities you can message me and let me know what areas you like and what types of properties and I will be in touch with you. you can also visit my website if you  www.Georgiasrealestate.com

I Did thanks. Hope everyone else did. 

I just want to say Happy Thanksgiving to my BP family.

You an amazing group of people.

Eat well

Hey guys there is a company here in Atlanta that gives out loans to landlords and here are the specifics. I would like to know if this could be something good to get into as a first time investor? The company is call Angel Oak Prime bridge, is this a legit company to do business with?

Here is an example of a Loan that we recently completed-

• Contract Purchase Price On Subject Property – $71,000
• Renovation Budget (Cost Of Repairs) – $80,000
• Subject Property’s Appraised After Repairs Value – $260,000
• Maximum Loan Amount On Property (65% of Appraisal) – $169,000
• Actual Loan Amount – $165,350
• Calculation Illustrated
• Purchase Price – $71,000
• Renovation Costs – $80,000
• Closing Costs – $14,350

The closing costs estimate in this example includes the costs of insurance, taxes, pre-paids and all other closing fees. In this scenario the borrower was not required to pay any money out of pocket in order to complete this transaction thus creating 100% financing on the property.

Now after repairs are completed, here is an example of the second closing to refinance the loan to a permanent 30 year fixed rate mortgage.

• The Loan Payoff – $165,350
• The Interest Rate – 5.125%
• The Monthly Payment – $900.31

The initial loan is refinanced using the completed homes appraised value. The closing cost for the refinance are rolled into the new loan and potentially creating a no money out of pocket loan. The customer in this scenario chose to sell the home.

Hey @G.A. Miller welcome to the site. I am also new to the atlanta myself and also a car enthusiast. We should definitely network some time and bounce some ideas off each other.  

I would also like to attend put me down.

Thank you @David T. 

 and everyone else for your help