I'm not sure how it works in New Mexico, but if the home is on land that is owned by the same person who owns the mobile home, and if the home is on a permanent foundation, it may be that the property is real estate instead of classified as a mobile vehicle.

Glad to see that your fall off of the cliff has not permanently damaged you!

However, the CRT is permanent, so it is usually not an appropriate strategy for most investors, especially younger investors.

Once I decide to purchase my 'first' property and assuming I will be in that location permanently, do you suggest that I begin with a single family rental rather than a fourplex, triplex, or duplex?

I was wondering what your thoughts were on their product, not as much from an investment standpoint but more of a discussion on the concept.They have developed a system with a permanent foundation and interchangeable modules build to your desired application.

But not a bad rate..If he doesn't want to drop pre-payments and you really want the financing (and you plan on holding), try to negotiate a declining prepayment penalty for the first few years when you expect it will have no impact on you.If he's trying to invest money 30 years at 6% secured by real estate, send him my contact info and I'll give him a nice fat note secured by my CA property and give him pre-payment penalties for the first 10-15 years..

It really depends on how much you have left of your own cash in a deal when the dust settles (after rehab and permanent financing is in place).

Hi I'm ArmaityRecently moved to Montreal as a Canadian Permanent Resident.

I do have enough experience with various foundation issues to tell you that often the "fix" doesn't permanently resolve the problem.

They also seem fat enough that you that you should be able to cash flow even with a pricey 30% 2nd on it.