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All Forum Posts by: Paul Sofia

Paul Sofia has started 3 posts and replied 321 times.

Post: 4 acres with 4 mobile homes in NC

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Okay, that would not be considered a park.   You most likely have to purchase each home with their lots..you would need to go a different route than mhp financing.

Post: 4 acres with 4 mobile homes in NC

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

All on one parcel or separate parcels?

Post: Builders backing out of new construction deals.

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

We're in uncharted waters now, folks. Costs are going up like never before.  This is not the builders faults.

Post: Is now not a good time to start investing?

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Follow your gut, Todd.   Patience is a good investment right now.  I sold a lot of my dirt when I saw what was on the horizon.  Mind you, I bought to build spec houses on.  I made great money on the dirt.  A year past, lumber prices are through the roof, labor going up, "shortages", etc...now the new pipeline interference.  If we can't get enough fuel......guess what?  They don't teach this in college.  

Smart money is not buying real estate right now.  The bubbles have yet to burst.  We have still not seen the fallout from the moratoriums and forbearances yet.  When they lift those, watch and see.  Silver is a great play right now.  

Post: advice for estimating my expenses

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Welcome to the jungle, kids.  Institutional loot is rearing it's evil head throughout the country....we are in a bubble that continues to grow...not good.

Post: Evicting a Tenant in Norfolk, Virginia

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

RUN.....don't walk.   There will be plenty of bargains if an when the moratoriums are lifted.   The injustice system is not on the side of the smaller investors...don't buy toxic waste.

Post: Can you sell homes before they are built using buyers money??

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

For cash, that's it.  If financed, it will not fund until after you get a CO.

Post: Lumber Prices Hit All-Time High

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

..........and the prices will continue to rise.  No doubt in my mind.  This was all done by design.  The crash is coming and the dollar is about done.

Post: Off-market mobile home park in Indiana

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

I would suggest getting educated in the space.  There is quite a bit you need to know.  

https://www.mobilehomeuniversi...