Hello everyone, my mom 67 yrs old sold her mobile home AS IS contract (buyer was aware) all documents where fill out, Bill of Sale, Certificate of Title, Registration Card, The buyer just needs to pay the Tax and send all the paperwork to change it to her (buyers) name. buyer had paid $35,000 already, she qualify at the mobile home park now she's living there for 1 week.

My mom doesn't want the mobile home back and go through all the paperwork hassle.

I am fairly new to wholesaling/investing but I cannot locate or know what type of paperwork/contracts I need for a Wholesale lease option deal.

There is also a 3% prepayment penalty if I pay it off within the first year, I include this so as to properly reward the investors and not waste their time by moving so much money and signing so much paperwork for just a few months interest.

Might have to put a little more down (5%), but there's less paper work, no up-front PMI, and monthly PMI drops when you hit 78-80% LTV.Considering you're not quite hitting the 1% rule and the high leverage, this property may not cash flow when fully rented as a pure investment property.

If they mention a clearly fraudulent ESA, simply tell them they can submit the paperwork with their application.

I would start an action for eviction for holdover tenant with damage for double rent.It will cost you a little bit of money to file with the court and have the paperwork served ($235 in Broward County), but at least you will have the ball rolling.Most counties have started the eviction again since June 1st, other will in July 1st.

If this agent is just doing paperwork for you, your suggestion might work.

There is less paperwork, no up-front PMI, and monthly PMI will drop once you hit 78-80% LTV.What about something like this?

Worry about the paperwork after you pull the trigger.