Hey everyone,My parents own land in an upcoming neighborhood in Navarre Beach, FL.

Most other MHP investors are going to evaluate the land/business separately from the homes.

Figure out their land basis, subtract it and that'll give you a figure for soft costs, hard costs and development fees.

Purchase price: $95,000 Cash invested: $55,000 Sale price: $215,000 Pre-foreclose, elderly person living in the house in a extreme poor condition , we offer alternative for his living , We help the owner with a better place to live , we help the bank by giving them Money for a deal that will take a lot of money to be back and functional , we hale the neighborhood by eliminating a house that was a close to tear down and in a bad shape , What made you interested in investing in this type of deal?

I live in Southern California so it will be long distance investing but hoping to get some buy and hold properties and or possibly build on some land in the area. 

I buy with cash when I get a sweet discount for doing so (closing quickly) or buy an odd property (2 homes on one lot or a mobile on land for instance) or one with too many repairs for a bank to lend on.My last cash buy, rehab, rent captured about a 55% equity gain. 

BP,     My wife and I just got an offer accepted on a two family that was built in 1960 and in pretty good shape. 

I am buying a small piece of land FSBO.  

It may not be the "rockstar" deal we all hope to land on our first-go; however, it seems like the general consensus is that getting your foot in the door is the hardest part, and once you get 1 deal under your belt you are poised to do more. 

Can we sell homes that are on land contract?