I have not sold mobile homes but I would say in the future it needs to be non-refundable.If they have nothing to lose it's hard to keep them committed to the deal.Instead of earnest money or a security deposit why not turn it into a non-refundable option fee??

Do not commit too much time or money without first testing the waters.

And the only way HUD is going to know that the law is being continually broken (and therefore becomes a bit more circumspect about it) is if the people who commit the crime are turned in.So, it sounds like we're all in agreement that the best thing to do here is to turn the guy in...for the sake of all investors...

Many people charge "owner finance fees" or also collect a deposit to make sure they buyer is committed.

Follow through and do what you committed tooThey don't really care what you do with the property after that.

In this case, once you fund a deal, your risk and time commitment will be minimized and you’ll be able to continue to run your other business.

Greg, much like everyone else, I must say that your relentless commitment and dedication despite the setbacks and lapses in motivation is brilliant.

I'm talking Expired, converting FSBOs, listing Probates and Absentees, and general retail deals...I realize that retail will come with it's own challenges...but it seems to me that retail transactions are more prevalent than wholesale deals..Again, assume that I will be working my butt off as an agent to actually find these deals

I can see Buffett buying into a national builder who "steps up" to commit to recycling some (thousands) of the Fannie Mae inventory.

Many people don't have the desire, the cash, the risk tolerance or the commitment to want to start their own business, and prefer the stability of a steady paycheck.