All Forum Posts by: Bryan H.

In my opinion, buyers are easy to find IF YOU HAVE A DEAL. Not every house you get under contract will be a deal. It may be a transaction, but not always a deal.

Let's just say this about deals - If you find it, buyers will come.

Go find a deal, bring it back to BP and let others tell you if it's a deal. Then get it under contract. Find your buyers here, on Craigslist, at a local REIA meeting.

Good luck

The TREIA I'm talking about doesn't have Thursday meetings. Here is the website calendar. http://www.mytreia.com/clubportal/Calendar.cfm?clubID=999

There are RE meetings in the area, but I only attend these meetings. I'm guessing you attended the one here, http://metrolinareia.org/. Their meetings are too far away from me.

Hi Michael, welcome aboard. BP is definitely a great place to learn, there is a lot of experienced and very helpful people here.

Another great resource is the TREIA group in the Raleigh area, have you checked them out yet? The next main meeting is on Tuesday, great networking and plenty of other experienced & helpful people there.

Good luck

Anyone?

Ryan M. 12 pads on 2.5 acres

So, if I'm looking at a $220k MHP, plan to finance 75% - what can I expect to pay in closing costs? Is there a ballpark percentage I can plan on?

If you want to go the conventional way, you will also need to look at your DTI and see if you would even qualify for that quad mortgage. Plus you may need to come up with 25% down, I could be wrong.

You could get creative with the new purchase. Lease option maybe? Sub2? (i wouldnt advise), find a partner?

Good luck

Agree with Ali - check with your accountant.

I basically agree with Bill on the value of this MHP. It's way over priced. A lot to consider when valuing a MHP, but don't pay for potential, you pay for what it is currently producing.

I vote for flipping.