After much pondering and considering my budgetary limitations, I have decided on purchasing, holding, and reselling manufactured homes.I have already learned so much from BP and I am so thankful for the site.I am always looking to meet people and share knowledge.

We knew we had the option to fix and flip or resell it for a profit because of the below market purchase price.

We were approached by LA reseller in late 2008.

Are you trying to live in this property, rent it out, or fix and resell it right away for a profit??

Since it sounds like you are planning to re-sell, you probably need a better deed than a quit claim, and you may want to purchase title insurance now.

The property gets listed in American Family Properties name for resell.

I know I need to get offers out there so I've been marketing to probates and driving for dollars but I want to make more offers than these leads are providing.I really want to start making offers on REOs and HUDs but I don't have the money to buy and double close to re-sell them.I have read about using an LLC as the buyer then selling the LLC but I'm seeing more and more REOs asking for POF with the LLC as the account holder - which I don't have since I would be creating this LLC just to sell.I've been studying more with Land Trusts to simplify the exchange to the end buyer, but haven't found any info on using a Land Trust to make offers on REOs or HUDs.At this point, I'm at a lost for ideas on the best way to make offers on HUDs and REOs that will still give me a good chance to have my offers accepted AND make it easy to assign/sell to an end buyer without needing to double close.I hope someone has a great technique they are willing to share!

I have a SFR that I purchased about a year ago with the intention of rehabbing and reselling.

Mind you, you can always resell the property if you're not.Conclusion: it sound like a sound plan that would work but of course there are risks, as there are in any ventures.

Make sure that reselling the property in the future will be relatively easy and have a lawyer look over any sort of contract before you sign it!