All Forum Posts by: Tammy Helble

 I've just called out and left message to 4 of the locals banks so I'm hoping. Super excited about this property though!

Hi Josh, The property is located in OR so I saw your other post and maybe that's a route we need to look at. I'm still awaiting the financials from the listing agent however the numbers are SO strong and it's got a great COC higher than anything else I've ever seen. Plus, there's some easy fixes and simply way to increase that further. All the units but one are owned by the park and there's 3 homes included in there as well. Thank you again for the input and I'll see about a local bank in that area.

 Perfect, thanks! 

Interesting! I'd never heard or thought about it that way. I'm new enough at this that I was just using the forms that BP provided but let me look into that. Thanks!

Looking at purchasings an old mobile home park where the park is non conforming and owns all the mobile home unite (except for one) along with the three houses on the property. Has anyone found a good lender for such a purchase? Thanks, Tammy

 I reread my lease a few more times and came ot that conclusion. I think I was so tired the first few times I was thinking it may have only applied ot the first month late and not the subsequent months. Thank you for that!

 I do have late fees addressed in my leases. When I'd first read it though I was thinking it only applied to the first month they were late however I think I was so tired looking at it initially it would aply to the continuous late payments therefore I tacked on 4 months of late charges. 

I do have late fees built into my leases. I figured it may be a long shot. Thanks!

 Thank you! I do have my leases set up for a daily late fee so I did calculate to the end of this month what that would be. I did include my late fees in my court filing however the judge told me he wasn't able to award those and I'd have to take that part of it to small claims. I was awarded the back owed rent, the court fees I paid to file and 8.25% until the day she fully pays me back. Now I figure I'll take it to small claims and then pass along to a collections company to do the heavy lifting for me. 

 Thanks, I agree and know it may not be worth it. I did see a note off another person's question and they expressed handing it over to a creditor and let them do the heavy lifting so I may also go that route. I'd never even thought about that.