Thanks Mary, i would have thought so but the gentleman is pushing around 80 , so im not sure how tech savy he is.THANKS AGAIN,Derek Torculaswww.shastahomebuyer.comScottsdale, AZ

As people create new threads the older ones fall down the line.

You'll come to learn that in this business what comes around goes around, so a seasoned investor that sees potential should welcome you with open arms in your learning process.

Talk to folks at the Chamber of Commerce to get the scoop on the area's economic forecast and how other businesses see the future of MHPs in the area.We just had two cases of older Parks being run out of business b/c the new City Council created so many new ordinances there was no way the owners could afford to become compliant with the new rules.  

There is also some room for upside on the $900 unit as the current property manager currently lives there getting reduced rents, but I don't want to get too fluffy with my assumptions.Owner: older lady who has owned the property for 20+ years and wants to retire/cash out.Tenants: all (except the property manager) occupied by long-term, older tenants.  

The issue with older cheap MHs is that they are difficult to finance conventionally, hopefully the new deals are fully amortized, especially at low dollar sale amounts.

I get there and he never shows and the sign is gone, but there is an older lady walking around the yard.

I have found some banks to give me a cash out refi but it they are much harder to find.If you hold the property for 12 months (seasoning) you will have better luck with the banks looking at the appraisal versus what you bought it for.

In 6 months or if you can find a lender that will do a product with less seasoning, refinance your cash out.

Stricter terms but there is no seasoning to title...Knowledge is Power.