Stay active on the board, lots to learn and lots to network!

My favorites are non-probated estates, they are usually a lot messier than when a family hires an attorney and goes through legal steps to perfect the title and establish who has the power to sell.The kickers are when the heirs are out of area, there are more than one heir, and they have undefined between them responsibility to take care of the house.

But, for you to suggest how a note is structured in a deal is an illegal activity in every state unless you hold the applicable license(s).Another issue is you showing the property and discussing the note terms to the buyer, now you're can be an agent.The discount on the note, when it's paid is the same at regular income as you MH sale.

@Kyler Rice are you active investor in Port Charlotte?

My favorite one charges me $150/year fee total for 1-10 homes, doesn't charge me to fill a vacancy, and charges 8% of rents collected.

With a little help from studying J Scott's wonderful site I soon corrected that mistake, sold the house and made a profit......Anyway, I am thrilled to be a member and I look forward to actively participating.

Is this an active practice or a thing of the past?

I do not actively manage the property but I do actively manage my property manager to make sure the tenants are screened thoroughly, property is maintained, tenant needs are met, and tenant obligations are met.

This is likely the best reason for why hard money interest rates on the East Coast are so much higher than interest rates charged on the West Coast.Because this is an active discussion, please share your thoughts on this topic.

Second, stay active on the site and engage the community with your questions.Will Barnard