Also remember that some times its a full year before they start and by the time they get the trailer there they have sold 20-40+% of all the units.

Remember you make your profit when you buy!

I'm not bashing Money Tree, often times they will get people the best rate, but remember that your information is sold to several sources who don't like to give up on a lead that they pay big bucks for.

I dont remember) but they would rather lose their shirt tomorrow.

Cosmetic fixes are ideal in the begining.

If I remember correctly, their business model was to sell rehabbed property at 80% ARV which would allow the investor to get in at no money out of pocket while maintaining an 80% LTV.

Just make sure that if you look at anything built before the Hurricane that you do your due diligence well, like any other place in need some contractors came in a did piss poor jobs on the homes an ran.I have a cop buddy down there too that bought a new home after the Hurricane I want to say he payed in the 120's range or so, nice little place i believe it was a 2/2 I would have to ask, it was in Gulfport.I did see a few weeks ago an REO property just north of the coast line in Gulfport that was a new subdivision development for sale, it has something like 70 plots laid out if I can remember correctly, the website pictures showed minimal readiness and I don't think utilities had been run yet, but I remember seeing the letters from utility companies and the State Dept of Agriculture about the land.

Remember, if an associate in the listing office is showing you the property, they are representing the seller, NOT you.

Like I said from his post it sounds like he is lost and has no one and being that he is soliciting on the net where scams run rampant (Remember the poor guy that mentors for a mere 75 bucks?)

The per square foot seems low, but if I remember the fabrication is high.