The structure is really to allow 2/4ths of the principals in the development to not participate in the fund if they so choose.

Kalyn everyone wants cosmetic properties.You will find regular home buyers do not have to resell and will accept way less of an equity position and pay a higher price to get a home cheap with a low monthly payment.Their goals are totally different than a rehabber.This is why a bunch of success is taking on properties where a home buyer is not a competitor but it drives down the price with the property not being loan ready.If your offer of cash is just slightly lower than a finance home buyer the asset manager might still choose you.If there is a wide difference the asset manager might take a shot with the finance home buyer to net more.It depends on a bunch of factors which is being at the right place at the right time.You also have to understand local,regional,and national banks make decisions in different ways.Kayln are you offering to let the listing broker keep all the commission are are you getting greedy and asking for the co-op??

Public speaking scares the heck out of most people, but it you have the guts to step out of your comfort zone, it can and will make you wealthy.

Again, not looking for purchase/rehab financing, just back-end financing of seasoned properties in a pipeline approach.The terms you mention seem incredibly attractive to the lender on a well-secured investment, and are too close to the net cap rate of the property for my comfort.

Hi everyone,I'm new to mobile home investing and I would like to get your opinion on purchasing mobile homes that were built before the HUD passed the manufactured housing standards in 1976.The three possible outcomes for my first deal I see as either flipping the home, renting it out or financing the property as a 'lonnie deal'.While I would feel comfortable flipping a pre-HUD home (as long as it passes an inspection) I'm not sure about holding on to a property that was built prior to 1976.What are your thoughts?

How can I do a JV deal with him if he wants to finance the deal so he feels comfortable?

Make a web sight, some business cards, that makes it reputable. 3) Form your investment property as an LLC, because you can choose your taxation, and move it to an S-corp very easily if you later choose to, but you will have a hell of a time changing a S-corp into anything else. 4) Lend the funds from XYZ lending too XYZ properties, this mitigates all losses, creates returns, etc..

We did a good job of choosing what repairs/upgrades to do to move the house quickly, but took too long to rehab.

If you're comfortable using any random agent, you should be comfortable using this agent.Personally, I wouldn't be comfortable using any random agent...

It sounds like a good idea but a lot of people might want to choose their own inspector.On the other hand, it could also open a can of worms for you if a severe problem you didn't know about is found.