But your issue becomes that regardless of how you would like it priced, the bank is going to price it based on comparable sales so even if a 6% CAP gives you a value of 600k but the highest comparable they can find is 500k, you're going to run into problems when your buyer goes to finance.

In it's current condition it may not be financable and even if so, every buyer is going to be turned off by a squishy old worn out roof.

hi everyone!! first time on this forum.  My future wife and I are looking into real estate investing. But I had a question about buying and holding a multi family property.  Im trying to run the numbers but im coming ...

So check it out guys. IKI'm 23 yo and I've been saving and saving and working/working to try and save enough to qualify for an FHA in order to purchase a home. I make 45k annually and I have around 20k saved u. I rece...

One of our top Associates is out in CA so the strategy works quite well in CA.We always try to get a spread between what we have to pay out and what we collect from our tenant/buyer. 

The intent behind the question is either a bank refinance or a re-sale to a buyer using conventional financing (i.e. both of which require insurable title). 

My question is can my wife apply for a loan as a first time home buyer?

Unless you do a double close the end buyer will know how much you are making. 

Shaun, absolutely speak with a local attorney but a few things I would say from my experience in NC:-A notarized bill of sale for buyers is sufficent in many places for residents to have utilities turned on w/ local providers, so that should give all parties comfort regarding its legitimacy-The counties where my parks are located, a title is required to move a home, so they shouldn't be able to move the homes from your park-Depending on how "by-the-books" you want to do it, a mobile home dealers license is required in many, if not all states, if you're selling above a certain # of homes in a given yearI hope this helps.

As we are fixing up the parks and selling manufactured homes in spaces, we have been using seller financing since traditional financing is very difficult and expensive for the buyers.