All Forum Posts by: Account Closed

It seems that a lease purchase with stipulations to make the buyer responsible for repairs would be more advantageous than renting because the property owner wouldn’t be responsible for any repairs, they get a bigger up front payment from the sale of the option (which will help with vacancies) and if the buyer exercises the option at the end that’s a win too. What do you guys think?

@Kevin Romines I saw how you did that with the loans that would apply to me as an investor and those that the buyer would need. I’ve already begun my research to find an institution that would fit the bill for these. So far iberiaBank is at the top of my list.

@Kevin Romines Thank you so much for this response. I really appreciate how clear you made the information.

@Mike Storey I considered that as well. It’s looking to me that each deal is going to be its own individual deal and so I’m opening my mind to the fact that some are going to be fix and flip, some are going to be fix and hold... it’s all about which works for that particular property.

@Charlie MacPherson Ok. Thanks.

@Robert Dobbs THANKS!

@Charlie MacPherson @Ken Rishel is it possible to increase the value of a mobile home (via rehabbing) that is on private land?

@Omar Khan ok. Thanks.

@Omar Khan Ok. I understand. What about mobile homes that aren’t in parks? What if I purchased a mobile home from someone that has it placed on their own private land and then rehabbed that. Would a bank see that as a property that has increased in value?

Hello From what I understand, with no experience in real estate investing, mobile homes only depreciate and that banks don’t see them as having any increase in value after repairs. Is this true? I would like to begin my real estate investing career with them and am trying to figure out if I should expect to either have to do owner financing with my buyer after I make repairs or expect to target cash buyers. Thanks