Usually the second will settle for 10 percent of balance of principal.

As always buying right is the key, if you bought a $930,000 1200 sf 2bedr 1 1/2 bathroom cottage at Tamarack Resort in Dec. 2007 (at the top of the local market) you got buried as recent sales for the same units are at $250k range as banks clear them out--rental resort occupancy on those cottages has not been above 25 percent.

Three percent is pretty typical for lease options.

As for your mentoring Ben, really can you kindly tell the truth that it did come in several tiers.As to your education , you did not mentioned $60,000 as you want everyone to believe I misconstrued you, having said that you did mention that your lifetime teacher is Marco Kozlowski.

What percent of the return from owning a park comes from trading in mobile homes?

Realistically, what you're saying is you're going to get a few percent of appreciation, based on inflation.

., But he said one of his properties they didnt raise it for several years, then raised it a ton, Example: 100 month HOA 10% yearly increase after 5 years of no increase, they raised the HOA to $161 (10 percent, per year, after 5 years. ) although they didnt raise it each year, they were now allowed to raise it by that much.

What percentage of everyone's net worth is held in RE?

I've been trying to formulate my business plan and have been thinking about my long term goals lately. Wanted to know if people have most of their networth in ...

Steve, it'll be great to get details from your two experiences.How did you go about finding the notes, what percent of the FMV of the property did you buy them for, how long it took and what the costs were?

Clearly define payment terms for title insurance, pest inspection, recording fees, transfer fees, survey points, bank attorney fees, title search, closing fees, broker’s commission and similar expenses.The rule on the market appears to be offering 80 percent of the listing price.