You can also try to flip smaller unit like maybe a condo or a mobile home where you also own the land.

The lender will not require any of the anticipated interest payments on date of origination and borrower will have lower cash to close requirement, although $15K in interest payments will be required to service loan through duration of project.Loan B: Lender requires $15K interest reserve funded by borrower at settlement.

Loan: The loan on Braxton at Tamarron is a capped floating rate loan that is SOFR + 3.45% with a maturity date of January 2025 with two 1-year extensions available.

I think that’s why I don’t have more properties, because it has to be a great deal right from the get-go, and that usually means it needs a bit of work and is also dated, but a solid investment.

I’m on mobile and in a rush so not looking at your exact houses.  

In essence, they hand-hold you through on how to do two things:  First, find and tie up a select vacant commercial property, then Second get a prospective tenant who would agree to move into that subject property at a future date. 

It has not been an easy process for them and has taken a lot longer than the anticipated dates.

I suggest pegging a date, somewhere in Feb..

My question is if we are marketing this as land, is more value added from the 2020 mobile home or the multiple utility hook ups?

you say they have insurance for their pet,, they need to give you a copy of that and you need to verify with company policy is up to date, give a copy of that to your ins company and let them know your working to have them move out and have given them notice to do just that.