Should I do this one?? - Posted by Fran

Posted by stephen on March 25, 2000 at 16:30:37:

to finance this MH? How do you plan to compete with the MH dealers? They (MH dealers) can give them a better deal with “little” down…

Buy a real house with LAND!!!

stephen

Should I do this one?? - Posted by Fran

Posted by Fran on March 25, 2000 at 15:14:33:

Woman calls on my ad, and says she has a '98 MH 16x80 (in a park)… Bought new for $37K, owes $29K…

“How much will you take if I pay you cash??”
"$25,000…"

Owner has a “friend” that wants to buy, but “hasn’t established their credit yet.”

My plan: Buy for $25K, resell at $35K. Arrange financing for them for $25K, and I carry back the balance in a second position.

I’ve always heard that MHs are more difficult to work with in this scenario than SFHs…but since I have a buyer lined up, I don’t see anything wrong here?? Do you??

Fran

Re: Pass - Posted by Rich

Posted by Rich on March 26, 2000 at 06:48:14:

Lots.of.people.owe.more.for.these.new.mobile.homes
than.they.are.worth…Don’t.get.yourself.in.the.same
situation…