I am planning to invest in a Fund (set up as an LLC) that buys mobile home parks. I would be buying "Class B Shares." I would be a Class B Member of the LLC that owns the shares (Class A members are the ones setti...

They we're renting a mobile home on this lot when it suddenly caught fire back in October.

However, now that I'm doing Mobile Home & RV parks, we're talking about $50k or more per deal so in those cases I'm happy to work with a broker/agent for a larger cut.

Is renting in the mobile home market essentially dead then?

Main focus is single family rentals, mobile homes (in parks or on private lots), & mobile home parks.Thanks to all the posters and bloggers for the free info!

If it's in an area where the only housing in a 20-mile radius is mobile homes on 2 acre plots, then that type of housing may not be in demand.

Real Estate Investing Abbreviations *REI Abbreviations* *AFD* - Agreement For Deed *AITD* - All Inclusive Trust Deed *APR* - Annual Percentage Rate *ARM* - Adjustable Rate Mortgage *ARV* - After-Repaired Value *BOM* - Back On Market *BOR* - Board of Realtors *CAD* - County Appraisal District *Cap* - Capitalization *CCIM* - Certified Commercial Investment Member *CCR* - Conditions, Covenants, and Restrictions *CFD* - Contract for Deed *CLTV* - Combined Loan To Value *CMA* - Comparative Market Analysis *COCR* - Cash on Cash Return *COF* - Cost of Funds *COO* - Certificate of Occupancy *CRB* - Certified Residential Broker *CRE* - Creative Real Estate *CRS* - Certified Residential Specialist *DBA* - Doing Business As *DCR* - Debt Coverage Ratio *DOS* - Due On Sale Clause *DOT* - Deed of Trust *DSCR* - Debt Service Coverage Ratio *FCRA* - Fair Credit Reporting Act *FFE* - Furniture, Fixture, and Equipment *FHA* - Federal Housing Administration *FHLMC* - Federal Home Loan Mortgage Corporation, Freddie Mac *FMR* - Fair Market Rent *FMV* - Fair Market Value *FNMA* - Federal National Mortage Association, Fannie Mae *FRBO* - For Rent by Owner *FSBO* - For Sale by Owner *GMAC* - General Motors Acceptance Corporation *GRM* - Gross Rent Multiplier *HELOC* - Home Equity Line of Credit *HML* - Hard Money Lender *HOA* - Homeowners Association *HUD* - Housing and Urban Development *HVAC* - Heating, Ventilation and Air Conditioning *IRA* - Individual Retirement Account *IRC* - Internal Revenue Code *IRR* - Internal Rate of Return *IRS* - Internal Revenue Service *L/O* - Lease Option *L/P* - Lease Purchase *L/S* - Landlord Seller *LIBOR* - London Interbank Offering Rate *LLC* - Limited Liability Company *LOC* - Line of Credit *LOI* - Letter of Intent *LP* - Limited Partnership *LPOA* - Limited Power of Attorney *LTV* - Loan to Value *MAI* - Member Appraisal Institute *MAO* - Maximum Allowable Offer *MIP* - Mortgage Insurance Premium *MLS* - Multiple Listing Service *MUD* - Municipal Utility District *NAR* - National Association of Realtors *NIV* - No Income Verification *NNN* - Triple Net Lease *NOD* - Notice of Default *NOI* - Net Operating Income *NOO* - Non-Owner Occupant *O/F* - Owner Finance *OO* - Owner Occupant *P&S* - Purchase and Sale *PITI* - Principal Interest Taxes Insurance *PMI* - Private Mortgage Insurance *POA* - Power of Attorney *PUD* - Planned Unit Development *REI* - Real Estate Investing / Real Estate Investor *REIA* - Real Estate Investors Association *REIT* - Real Estate Investment Trust *REO* - Real Estate Owned *ROI* - Return On Investment *RTO* - Rent to Own *SFH* - Single Family House *SFR* - Single Family Residence *Sub2* - Buying property subject to existing financing *T/B* - Tenant Buyer *TAA* - Texas Apartment Association *TAR* - Texas Association of Realtors *TIL* - Truth In Lending *TREC* - Texas Real Estate Commission *UBIT* - Unrelated Business Income Tax *UCC* - Uniform Commercial Code *VA* - Department of Veterans Affairs / Veterans Administration Brian, I think that's the first time I've been referred to as "uninformed" or the others you mentioned.Off the top of my head, at 3:41 am, (fell asleep early) you left off:ALTA, American Land Title AssociationMFD, muli-family dwellingMH, Mobile HomeORE, Other Real Estate (same as REO)PHA, Public Housing AuthorityP&Z, Planning and ZoningSEC, Securities & Exchange CommissionSFD, single family dwellingSPOA, Special Power of Attorney, required for real estate transactionsSRO, Single Room OccupancyUBP, unpaid balanceI'll stop, there are other professional designations, associations, government agencies, financial ratios and insurance abbreviations.Just a comment on Sub-2, you keep saying for low equity, don't need newbies thinking that as a restriction, you can buy Sub-2 with a ton of equity as a wrap, inclusive of existing financing or as a separate equity carried back, in fact, to get back on topic, the OP can sell Sub-2.As to DF, this condo is owner occupied, they are exempt from DF, they can simply have an attorney draft a note or contract, they could finance the option as well if exempt in their state.Seller financing may be an alternative as well, all or just part of the sale price/equity. :)

while i can say its possible, in modern casinos its a lot more difficult to win at any gambling game than it used to be. im not going to give you a speech about it, but i am curious as to what made you decide to take this route rather than focusing fulling on your investing.

Huy -You cannot login using Facebook to the mobile app.

Non-Recourse lenders willing to lend to retirement accounts have varying requirements on both the amount of down payment they require (typically about 30%), the terms and length (generally 3 - 5 year ARMs) and they type of property they will lend on (generally NOT raw land or mobile homes).Leveraging a Real Estate purchase inside an IRA will result in a tax called UBIT -Unrelated Business Income Tax.