I'll jump in on this one . . . in determining if someone is a novice or experienced, asking them how many deals they have done may not get you the answer you seek, as people often tend to lie when they are inexperienced.

You are best going to their web sites and looking for Real Estate for sale- most of the listings are with realtors -so the best way is to go to your RE web site and read through them they should declair the "ownership" and if you see "bank,REO" then you can contact the RA directly for showing instructions.Lauren

We are in a college community and although maint. is higher due to their lack of home ownership experience, students tend to be well funded (parents).

Hi allIm just getting into MHPs and have a few prospects for my first buy.Questions for anyone -What does PLU stand for and how is it determined?

When she got a service cat to help with psychiatric problems, that was too much for me--yes, I determined I didn't want to be part of that situation, so haven't talked to her since.

Thanks for the advice, we'll have to do some more research and determine why the market is depreciating.

Listen to people talk at the meeting and determine who the successful investors are.Next, go sit in the same area as these successful investors and start up a conversation with them.

The con is that there is still no guarantee that the buyer will make the payments, and the Seller might still dreag you back into it (that's why it's good to have the Disclosure).The other way is to place a mortgage for $1 on the property with the stips that the mortgage can not be paid off until the 1st mortgage is paid; any default on the 1st is a default on the 2nd; and the 1st and 2nd must be paid in full by some pre-determined date.

Have you not read about the scams perpetrated by people that claim to have an ownership or management interest?

Determine which neighborhood(s) you are interested in investing in, and watch/study the MLS for those areas daily.