All Forum Posts by: Hunter McDonald

@Blake Edwards I have a Roth IRA but I can pull from it whenever without any penalties. So that money will get used for my next deal.

@Larkin Adey thank you! And yes, I didn't mean to come across as uncaring. I have offered several times to bring him food, medicine, or teas, checking in on him etc.

@Jack Martin thank you for chiming in, and I agree that it makes sense. In the mean time, while I'm building a relationship with this person, should I still be looking for other opportunities or focus my already limited time on this one deal?

@Ken Swearengen thank you for the response!

Hello all, I will try to keep this as tact as possible but there is a lot to take in consideration.

I have been trying to convince an elderly gentleman to sell his mobile home park to me for going on 6 months now. He has cancer and gets sick very often, my schedule is hectic, and we can rarely meet or talk on the phone. I also don't want to overwhelm him. But I am losing my patience with this potential deal and am wanting to move on to something different. I have been hunting for other mobile homes, lots, and parks in the mean time and have come across a few decent looking deals but nothing like the mobile home park that I've been asking about.

The park: I counted 36 lots, 9 vacant or have homes with no occupants, <20 minutes from down town, 5-8 minute drive from several schools local, several major companies as employers, and is an up and coming area. Last we spoke he mentioned selling for around $250,000, and is a short walk away from my duplex that I am house hacking.

How long should a deal like this take and when would be a good time to move on to something else? And in the mean time should I continue hunting other deals down? Mind you I am a full time college student also working full time with a child on the way.

I would love to hear some opinions on this. Thank you for your time, effort, and consideration.

@Jack Martin thank you! Much appreciated. 

@Jack Martin are there any good resources that you know of that help you determine what state and local laws say about seller financing specifically? Thank you!

@Dawn Brenengen huh, it doesnt show up on the app for some reason. Regardless I cant make it unfortunately. I work a 2nd shift job. If someone doesn't host a meetup on the weekend I will. Hehe

@Josh R. What day and time will the event be held?

@Nathan G. I'll be adding your third book to my list. Currently I have an audiobook going, F**k Feelings by Michael I Bennett, and a book on kindle, Making Money with Mobile Homes by Lonnie Scruggs.