Two short answers: the people living in them (some refer to the occupants as "trailer trash", whether that is accurate or not), and the construction of the house (construction used in mobiles is considered inferior to non-mobiles).

Later, I was also in non-profits, with gut rehab to new construction, developments but not fair to compare with an individual flip, drew a salary, fees and benefits.

The bank will want 90% of FMV, the contract will be non-assignable and probably have a minimum 90 day holding period.

I might be behind, who is doing cash out refis on jumbo non-owner occupied SFDs in the secondary with 30 year fixed rates?

You know, I've always wandered when this would happen....and why banks or even listing agents were accepting a loan committment from a non-regulated lender.Sorry to hear your deal fell apart.That will really put the funding brokers holding themselves out as lenders in a bind until they figure out how to restructure and when they do, they better keep in mind SEC regs.

Volunteered with habitat, did some gut rehabs with non-profits, Today, I may be doing one this summer, I'll walk through and run my mouth that's about it.

I like low risk non bank strategies.

I talked to 1 person about (2) Non-performing notes he had for sale.

However, the lease states that only members of TAR can use it.So yes, I'd recommend it unless non-members are not allowed to use it (like ours).

Hi Naveen...thanks for the reply.....You're right $200000 is non existent in our area so Im actually looking out of state...Going to Austin on January 30...I understand the trends are very similar to the Bay Area...lack of inventory,multiple offers so on...that doesn't scare me away ;0) For my dolling up and reselling goals I do have a larger budget so will look here in the SF Bay Area....Love your email....What ate your goals?