The key is to buy right, manage properly, and to not over-leverage. 30% down is a very, very safe play, especially when you buy at a discount giving you even more of a cushion.

Please excuse the typos, my key board is acting up and skipping letters.....

However, some Realtors can be quite deception in their descriptions and you end up at a house that you thought was a 3 bedrooms that turns out to be 2 bedrooms with a really big closet.The other key element to being a great Realtor is being a great negotiator.

It wasn't anything crazy but it was a bigger pain in the butt than a typical wholesale deal or even another REO.The title agent is key to the whole process.

The key is to have a PM that you can trust.

Perhaps we are naive in our way of thinking, but this naivety could possibly be the key in why we are not going to see a collapse of our economy, but actually many many more millionaires will be made from this opportunity.

It is under 15% if you toss in travel expenses...So you might figure a rough estimate of NOI like this...40 pads at $200 per month, owner pays all utilities.so 40 x 200 x 12 = 96,00096,000 x .6 = 57,600now take the NOI and divide it by the CAP rate you want to buy the park for... so lets say a 12 CAP57,600 / .12 = $480,00014 CAP...57,600 / .14 = $411,428and so on... finding parks with expenses that can be cut are a real key to adding huge value quickly to a purchase.

I'm curious if anyone has attended this course and what they thought of it. I find their GetReal podcasts very helpful. Just not sure if the training is worth it or not...

Also, the closing attorney for the sale used the QI as his CPA and he delivered the $25,000.

That is the key.