Posted by Philip on September 25, 2003 at 20:06:44:
caught on…they want me to buy and sell a mobile once a week! I can’t find enough good deals to keep them happy. I seem to be on pace for 6 or 7 this first year.
They have bought partials from me and now they want me to do a deal with them as the buyer and give me half the payment stream. This is not a selfish move. I am getting conservative to save a little for the “first year tax hit”…and they want to keep moving.
Funny how cd rates have motivated my folks!
philip
72 divided by the rate of return you earn (12.75% standard on MH deals for instance) tells you roughly how many years it takes for your money to double.
With a Lonnie deal this equates to just over 5 1/2 years.
Most Lonnie deals are much quicker though. - Posted by Ben_WA
Posted by Ben_WA on September 25, 2003 at 11:23:18:
A typical deal will usaully net you at least a 50% return. Thus, doubling your money at least every 17 months. Just think if you lest that money in the bank at 3%. It would take 24 years to double. Happy Investing.