I am a new bird dog that got an inquiry from a mobile home seller in South Lyhon, Michigan.It is a 16x78 3br 2bath 1994 dutch in storage.Has hitch and axles needs tires for transportIt had a tree branch fall on the rear over the bathroom and damaged a 6-8 foot section has plywood on it and screwed on with plasticthe bathroom needs to be remodeled due to water damage in rear needs minor drywall and little repairs.Has a.c. coil in furnace and belongs to the owner.

Robert,You have a lot of options on how to structure a sale of a mobile home in a park.

Originally posted by nmbr1wholesaler:my grandmother was an English teacher As a former English teacher myself, I'm going to tell you a secret about the English language. 99% of the greatest literary works of all times are completely riddled with grammatical and mechanics errors.

Regarding the personal phone, I never give work my mobile number.

With only 20K - try investing in Mobile Homes.

I've found a good deal on an old mobile home but don't have any clue where to find the funds.

I'm very interested in exit strategies that include wholesaling, some rehabbing, and extending into mobiles and single families for buy hold and rent.

12-15% seems high to me too, but is used for mobile home loans - John didn't say what the value of the property is here - if it's a $40k property then the interest wouldn't be ruinous.Are you also expecting to amortize the loan over the 2-3 years only, or are you planning on requiring a balloon payment then?

I like the 2nd option as well because it requires no immediate repairs. the roof is in good shape and so are the mechanical and the cash flow will be good.

40% of non-owner occupied residences are mobile homes which are more difficult to sell with bank financing ?