All Forum Posts by: Victor Correa

It’s Mobile Home with Land I’m taking over both land payment and Mobile Home payment and right as of now is considered personal property but you just open up my eyes and I’m thinking what we can do is convert into real property and then transfer the land and that way it’s attached to the land Your thoughts? Oh bud, I think it would do that we’re gonna need lender’s consent as well and that’s what I’m trying to prevent, but maybe they do it under them handle that part and then after the fact transfer it. 

Exactly that’s why I’m trying to figure out a way to take ownership or protect my investment as I’m taking over payments and do not wanna leave it under their name as they can just come back and take it

Investment Info:

Other other investment.

Purchase price: $37,000
Sale price: $65,000

Land deal as is / buy low sale high.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $82,077
Cash invested: $50,000
Sale price: $275,000

Fix & Flip mobile home with extra lot.

What made you interested in investing in this type of deal?

Location & expertise in manufacture rehab

How did you find this deal and how did you negotiate it?

Off market contact , Wholeseller

How did you finance this deal?

Cash with investors

How did you add value to the deal?

Sold with extra lot for value increase

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Cash deal, Agent on buyers side.

Have a deal, subject to mobile home with bank lien, Not payed off, Seller just bought 2 years ago & I am taking over but reading about the title transfer need consent from lien holder. Has anyone done this or a way to transfer title ? In Texas without lien holder consent or?