The 11 units are the maximum possible on the propertythe tenants have always paid their own utilitiesThe units are all city water and sewerRegular upkeep is that the park occasionally gets new gravels and someone is in place to cut the grass for $75 every 2 weeks and I pay for two street lampsThe property taxes in 2018 were $900The property without the 11 units appraised at $110,000 The trailers themselves aren’t worth a great deal of money I’m sure but the way I’m looking at it I’m buying the whole park is basically buying myself income I expect after taxes and expenses to net at least $2000 a month, does this sound like a winning project?

Not letting fear win the battle and taking steps as I go along.

The cards are stacked against the owner in every way it seems .

But a refi would be much more hassle than putting it on a credit card or financing with the contractors.

I say this, this business will never be all the same, you will win and lose but at the end you will strive and move on to the next one.

I say this, this business will never be all the same, you will win and lose but at the end you will strive and move on to the next one.

This way if I was to win the foreclosure and somebody later popped up to claim they were never notified, the attorney can back up they did the correct research and notification.

They usually carry a much lower interest rate than credit cards but somewhat higher than bank loans for a specific amount and purchase.

As one client put it, "In California, tenants pay their bills in the following order: car payment, credit cards and, if they have leftover funds, the rent."

Meaning you can use and pay back the HELCO just like a large credit card for the first 10 years.