credit in today's world
After loaning money for over thirty years I thought I would input my opinion of cedit for the real estate investor in today's world. The biggest thing that investors need to understatnd is just a few items.
1) You got to have skin in the game. No more playing with mirrors. Real deals and real creidt is necessary
2) Money in out there but it is not cheap. Everyone wants money like they received a couple of years ago but in today's worolf the risk is too high
3) I do hard money for commercial income producing propertities based upon the asset and cash flow
4) Three years ago it was tough to find money to buy used mobile homes to place in mobile homes parks for rent, Today it is much easier and cheaper then real estate funding
Comments (2)
The biggest thing is the infrastructure, roads, sewage and electricty. things to consider is location. Zoning is a major propblem in many areas but I do think that may be easier now hen two years ago when developers did not want Mobile home parks. Now that they can't borrow money they have no say so. if you outright own the property I would talk to a attorney in the area about zoning before I did anything else
Howard Stokes, about 16 years ago
I would like to more about how it is easier and cheaper to buyer mobile homes for parks. I have land and was considering building a MB park but need some financing advice. thanks Karlos
Karlos Knox, about 16 years ago