The seller has owner-financed the six mobile homes to the current tenants, and has included the notes in his inflated asking price of $189,900.The duplex is rented ($500 + $565) $1065Six lots rented ($250mo each) $1500Payments received on trailer sales $1500mo ($50k outstanding)Does this raise any flags?

Verify your state below.This does not apply for mobile homes attached to private land, this only applies for mobile homes on rented land and considered personal property.An "0" in the second column indicates a state that asks you to obtain your mh retailers license before you buy and sell any mobile homes for profit.

I'm going to assume that the fact that you're involved means this is a little shadier (on the current owners part) than just selling a few mobile homes a month on owner financing and not using a licensed originator for the note.

Buy Lonnie Scruggs books: Deals on Wheels and Making Money w Mobile Homes.

Hi guys i searching and studying info about tax deed sales for couples months and decide to went to the auction before did me research about good properties and later search info about propertys deeds and owner,s past and won a property with 1.5 acree and a 1987 mobile home wait until the county send me the tax deed and i get in the property.One of the neighbors came inside the land and ask me what im doing there so im explain him i bought the property he said the owner daughters a a title for that property but i check in the county files and just found the warranty deed from past owner in just her name a saying single house was paid cash so no morgatge was involucrated her daughter can claim the property ?

went to the auction before did me research about good properties and later search info about propertys deeds and owner,s past and won a property with 1.5 acree and a 1987 mobile home wait until the county send me the tax deed and i get in the property.One of the neighbors came inside the land and ask me what im doing there so im explain him i bought the property he said the owner daughters a a title for that property but i check in the county files and just found the warranty deed from past owner in just her name a saying single house was paid cash so no morgatge was involucrated her daughter can claim the property ?

My first purchase was a mobile home so I was no longer paying rent.

They usually have some degree of mobility to carry out their attacks.

A commercial loan is one made for business purposes, residential on 1-4 family and mobile homes, agricultural on farm land, a personal loan is made to individuals that doesn't fall in other areas, like a car loan.

As I mentioned I work for an investor spend most of my time dealing with his stuff.only investing I have done for myself has been in mobile homes so far and several lots two acres or less and two at a nearby lake Quick and easy on mobiles check county for taxes and tag agent for a lien and if it has to be moved I have someone When I unload afew of above I plan on jumping into houses and have two guys I would hire if financially able it would be nice to hire it all out and just find deals Have tons to learn