All Forum Posts by: Tristan Thomas

@Thomas Standen @Chris Seveney

Thank you for your input. It is not currently rented and I would have tenant pay utilities. Do you guys know the cut off year for a bank to do financing on a mobile home? I heard it was 1984 but I also heard it was 1996( 20 years of conventional financing). 

Hey guys,

I'm a new investor and am trying to hash out my first deal. I came across a mobile home that sits on its own 9,000 sq/ft private land. Its a 1987 2 bed 1 bath 14x60. The owner has no idea what she wants for it but owes $21,000 on it still. The home is in good condition just needs cosmetics and washer/dryer. I'm having trouble finding a value on the home and also making an offer. I called the city tax assessors office and found out that the land is worth $18,900 and the building is worth $22,200. This may be what they assessed it at but there's no way it could sell for $41,100. I could rent it out for $1000/month. My question is what would your advice be? I was thinking I would offer her what she owes on it. She's a motivated seller trying to wash her hands of the property. I would be willing to offer to take over her payments for 2 years. Put taxes, insurance, and utilities in my name. And at the end of two years take out a loan to pay her the remainder of whats left on her mortgage. What do you guys think about this deal? or the evaluation of the property's worth?Advice? different approaches?

Thank you so much in advance!

-Tristan Thomas

Hey guys!

I am looking to direct mail my market but will be making my flyer with a concentration on finding people who would be willing to sell me their property using owner financing. Does anyone have any insight as to what I might include on my postcard? A good way of explaining exactly what owner financing is or would consist of, short enough to fit on a flyer? Any bit of advice, tips, templates, etc. would be greatly appreciated!

Thanks,

-Tristan

Hello all,

I am currently looking to acquire investment properties in the greater Bangor Maine Area. I am looking for property owners who are interested in potentially owner financing their property. No agent fees. No closing cost. consistent monthly payments. All cash down payments. Looking for 2-4 unit apartment buildings. Also looking to acquire mobile homes all cash deals.

Any information or leads would be greatly appreciated!

Contact Tristan at 207-951-1822

Thanks!

Hello all, I am new to the real estate game and have been extremely motivated to be a real estate investor. I'm currently in college but am interested in getting my feet wet. I am looking for any advice on the details of bird dogging. How to find investors to bring deals to. What questions I should be asking them about their criteria. Where and how to find properties to refer. And also, if I should be running any numbers or anything myself on the properties. Thanks in advance! -Tristan