Hello, all. I am a brand new member looking at mobile home investing in California. Seem like a lot of knowledgable people on this site, so a basic question. If I carry a note from a buyer and he defaults, what is ...

In fact my written policies and procedures show down payment as the number one factor in who gets in and who doesn’t.

In California cities can now fine REO properties 1,000/day per code violation for unsafe and substandard houses.I am working with private and public entities here to implement the compliance procedures and the lenders handling our local properties are becoming very cooperative.

Without proper screening procedures, you can find yourself stuck with potentially nightmare tenants.

You are likely to find both a basis for protesting your assessment (every county has a procedure) and reducing your taxes, as well as a better understanding for possible investments. 7.5% appreciation is not going to happen unless we hit a period of very high inflation.

This procedure that our PermaBrite provider uses actually acid "etches" the surface before applying the porcelein impregnated coating.

Different Procedures...The "As-Is" addendum is not a final approval...An "As-Is" addendum is basically just politely stating to not ask for any repairs or expect the seller and/or lender to pay for any....We generally get this out of the way from the beginning of the transaction so there are no expectations from the buyer that repairs are going to be made and muddle up the transaction weeks down the road...Not sure about Ohio, but in Nevada, we set it up so buyers are still allowed inspections and a due dilligence period (on average 10 days) that starts within 24 Hours of the Lenders approval of the price/terms of the short sale... with generally a 30 day closing after the receipt of the final approval.Different states... different procedures...

You can make any investment look good if you massage the numbers enough... and if I were you I'd steer clear of that property and find another realtor.

We will continue to update this page as more information becomes available about new rules, procedures or programs.

May I ask if this procedure is suitable enough for a long term buy and hold business plan?