The single family play is more the break even in cash flow (sorta like what you proposed) and hold out for equity appreciation, eventually selling it to cash out or cashing out on rents when you own free and clear in 30 years.I'm more of a cash flow player and thus look at multifamily houses.

Thank you in advance for all your help.

Originally posted by Jon Holdman: Many are going to withhold the rehab money until you do the work, so be sure you have a way to fund this work until you can make a draw against the rehab escrow.OR make sure your contractors will work in advance of payment from the the HML (pending a passed inspection by the HML).

Thanks in advance.

Just make sure it's at a great price if you're going to be advancing monies without owning the property yet.There are some states that allow heirs to deed a property without probate so check with your attorney (who should be well versed in real estate and estate law) on this as well.

Thanks in advance,Chuck

If they're truly sophisticated, they'd look at a Yr 1 guaranty and conclude: "Ok, that's a nice little add-on of little value, since the chance of anything happening in Year 1 are remote, at best, but I'll take it, fine, and the other company I talked to didn't offer it".If industry players are so worried about these guarantees, it follows that many buyers are not in fact sophisticated.

The way it works Sharad as the case worker explained to me is this:From the time of application SSI is running behind about 2 years.She applied a year ago but since she is facing eviction they do an emergency advancement and flag the file.This is where it is at now.Then when they pull the file it is sent to the judge for a review.The judge looks at hundreds of pages for the one file.The decision takes 2 to 4 weeks.Then after that if approved a second division of SSI handles payment.The case worker said in Georgia alone SSI has over 100,000 cases to process!

I'm thinking of selling with owner financing for $450, ($750 down, $300/mo for 4 years) but what I want to know if what other's experiences have been with selling 2+1 mobiles.Thank you in advance.

If at all possible, thanks in advance.