All Forum Posts by: Mitch Stephen

Lead...she'll follow.

--Mitch Stephen--

A real investor knows there is another deal tomorrow. If you need money, if times are tight...give someone a great deal and get healed. There is definitly another deal tomorrow.

--Mitch Stephen--

You're probably wasting your time with banks. Look for private lenders. If you have a great deal they should see thier security in a first lien position.

--Mitch Stephen--

I do it over and over every day...for years. Tell someone everyday what you need. Offer 8% to 10%...that's good for these days. Over 1,000 houses flipped...never put my own money in. Also, these loans are "Non-Recourse."

--Mitch Stephen--

When selling...get the Inspector out before you have a buyer, correct the problems, have a clean slate before the buyer arrives. If a buyer is interested in the house...hand him a copy of the clean inspection report. NEVER let the buyer higher an inspector for hour home ahead of you! spend the money ...get a clean report...offer the house for sale.

--Mitch Stephen--

Get an option to buy the prperty for a certain price (commissions and sales price considered) and tehn you have an "Interest" in the property...which from where I['m from...means you can sell the proerty because you are a principle of sorts. Seek an attorney as to my advice. I am not one.

Where I'm from (San Antonio, Tx) the can absolutely take thehome. they can even take it from a 1st lien holder if they don't pay up.

You may be able to negotiate with the park. Tell them if they waive the lot rent you'll leave the home there...if they don't ...you'll move it. Of course this only works if the park has vacancies and does NOT have a waiting list.

--Mitch Stephen--

If I assume you are a "Doer"...I'm thinking $20,000 to $40,000.

--Mitch Stephen--

There is no "ONE WAY" to prosper in the real estate market. Anyone who tells you that their way is the best way is being a bit theatrical. Everyone is different. Every town is different. Everyones tolerance for risk is different. Everyones ability to handle partners or raise private moeny is different. Figure out what YOU want to do in yur town and then get among those who have done it...who are doing it...in YUR TOWN.

--Mitch Stephen--

--Mitch Stephen--

I have owner financed well over 140 Manufactured homes in parks I did not own. Big margins. More turn over. Well worth it. I've written about it.

--Mitch Stephen--
Author, MY LIFE & 1,000 HOUSES