If you put a property under contract then assign it than you have no closing costs, you simply collect a assignment fee at closing Do I have to hire an attorney?

While trying to set up time to view a property, the seller's agent requested that I send "proof of funds to purchase or lender letter ( commercial loan) as well as proof of funds to close prior to scheduling."

The best way to profit from MHPs is to purchase the park with the homes, sell the homes to the tenants with owner financing and then collect a "mortgage payment" from them while also charging lot rent.

Personally, I don't collect security deposits.

In the majority of cases, if the foreclosure is in the first lien position then the subsequent loans secured by the property become unenforceable from a collection standpoint.

. #2 is Property Management - We pay 8% of rent collected and 50% of 1st month rent as a tenant find fee

This common use area was great for us, but now I have huge space that I am not collecting rent on.2.Not properly vetting my property manager.

As for the agent, unless you have sometime of proof it's probably not worth the psychological energy and the time to pursue.

Typically, until you reach a certain hurdle, you will not be collecting any sort of equity promote.

Hello All,I am just looking to see whether a few of you fellow BP members will proof read the following letter to absentee for me in its content and format:Hello _____,My name is Patrick Sullivan, my main occupation in life at the moment is wholesaling.