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Updated over 15 years ago on . Most recent reply

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77
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2
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Chip Brault
  • Real Estate Investor
  • Anthem, AZ
2
Votes |
77
Posts

Having a Hard Time With Park Managers Allowing Me To Invest...

Chip Brault
  • Real Estate Investor
  • Anthem, AZ
Posted

Anyone else have problems here? Its like they are jealous or something, dont want to help no matter how polite and outgoing I am...

Or they suck them up themselves repair and resell...

This is ALOT harder than Lonnie says!

:wink:

Most Popular Reply

User Stats

355
Posts
324
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Jim Johnson
  • Rental Property Investor
  • Denver, CO
324
Votes |
355
Posts
Jim Johnson
  • Rental Property Investor
  • Denver, CO
Replied

Lets see if we can figure this out. I read in one post, that the parks do not allow 'non owner occupied' units. Well, as a park owner and a lonnie dealer, I do not allow non owner occupied units either. But... being a lonnie dealer you are really just the lender, and your selling the unit and transferring the title. So your not renting, your selling. When I go into a park I would say I buy repos, or homes for sale, fix them up and then I sell them to a new owner. I will sell the homes for cash, or if the new owner does not have enough cash, I will carry the balance. I transfer the title but attach a security agreement to the home. You can use a car as a analogy. Just ask if they make payments on the car they drive. They still own the car, but owe the lender. Your doing the same thing with the mobile home... your a dealer and a finance company.

So are you guys talking about renting or selling?

  • Jim Johnson
  • Loading replies...