We ended up getting a 5% loan amortized over 30 years with a 3 year balloon.

They get volume pricing from contractors, probably have their sales person license which means they can save on that end and can usually get it done quicker than you because they’re supplying their crew with consistent work which will lessen their holding costs.

Occasionally we spot-sand.We source hardwood as close the the woods as possible and usually manage to pay under $3/SF for the raw material plus staples and other supplies. 

Hi everyone,I'm looking into some Mobile Home Parks in Florida and many are offering owner financing with a balloon payment.

Oddly they didn't ban it for the vast vineyards that supply much of the grapes for CA wines. 

@Phuong LeYes they do. 80%LTV. 10 year balloon amortized over 20 years.

Live in San MateoI run a pet supply store full-time and currently in the process of joining a financial firm for a few hours a week.

If you have a certain comfort zone, it's extremely easy to stay in it because whatever size your bubble is, you can find an endless supply of information to fill and reinforce it without really providing much reason to move out of it.Reading and podcasts are potential antidotes to being trapped in your own filter bubble (limited vision), but it so easy these days to just read a few things and forget them, versus actually challenging yourself and expanding your comfort zone.

Here are the numbers, take a look and chime in with anything I may have missed or need to add.Class C Neighborhood, Pittsburg, San Marco and Oak Hills area-3bd, 2 ba. 1396sf, Lot 10,700sf-Offered at $470k-UPB $331,751 @ 5.5% with a balloon in 5yrs- 30yrs Amortization-Section 8 rental allowance in the area is $3052/mo-Standard Rental $2451/moHas anyone else heard of this type of opportunity or this type of deal here in the Bay Area ? 

Equity for us.We've looked into arbitrage and found a very limited supply of rentals in our area that would be up to our standards for an AirBNB.