Recovering cash invested for next MH purchase - Posted by Robert (NC)
Posted by Robert (NC) on December 02, 1999 at 19:45:22:
I have several MH deals pending and need a way to recoop the cash invested in the previous MH purchase in order to buy the next MH. I have read ‘Deals On Wheels’ which suggests selling the front end of the note. I understand the process and would like to know if there is an entity that purchases MH notes or up to investors to locate note buyer themselves, such as a rich uncle, as Lonnie suggests.
If their are note buyers available, I need to know the buying criteria in order to structure the note accordingly, right?
Any explanations or assistance is appreciated.