All Forum Posts by: Jesse Aaron

Also like to add that this property is paid off. No money owed. If that matters.

Hey everyone! I recently took an older, remodeled mobile home on a 1 acre lot off the market. I wasn’t desperate to sale. So I while I did get some decent offers, I didn’t receive enough to part with it (I was asking 105k, got several offers in the 80s and multiple “will you take payments” requests). I decided to use it as a rental and in a half day, I already have a tenant in place. Is there anyway to leverage this rental for cash to develop another piece of land I own? The trailer is nice, but it is a 1991. Will anyone do a refi or heloc on an older mobile? Or is there another more viable option? Thanks in advance!

Hey everyone, I have my first listing agreement set to expire in about 2 weeks. We’ve had a contract in place, but the buyer has backed out twice. He says he’s needing more time for his funding source to come through. I’ve told my agent that I’m not pushing the closing date again. This person was already dishonest by saying he had the funds initially. Now the realtor says that since he has to relist it (which it should have been put in pending status instead of sold status imo) that I would need to sign another 6 month listing agreement. I want out of this contract with no legal battle. By saying I’m walking away from this offer because he’s postponed closing twice, and the realtor still having two weeks in the original listing agreement, what are my options? Can I not sign anything and wait out the two weeks?

Hey everyone. This is my first listing and it’s been a bit disappointing. Everyone I spoke to asssured me this would flip quick. It’s very tough to find a fair priced mobile right now. But so far, I’ve only had 6 or 7 showings and several people asking if I’ll take payments. Some comparable properties have far more views and saves. Can I get some advice on changes I can ask the realtor to make on this posting? I’m already planning to lower the price. I also want to rewrite the description. I don’t like that he says “with some TLC.” There’s definitely room to improve, but it’s a move in ready property. I also think the picture of the moving sticker is a waste of a pic. That can be a pic of the second bath, walk in closet or laundry room. Any tips?

https://realtorweb.onelink.me/i5LB/ec4fb23

https://www.zillow.com/homedetails/38828-Turkey-Ridge-Rd-Mount-Hermon-LA-70450/2072185144_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

@Jesse Aaron

Here’s the realtor link

https://realtorweb.onelink.me/i5LB/507fe943

Hey everyone. My first deal hasn’t gone as expected. The market for mobiles is tricky. The interested demographic have a hard time getting financing. I’ve had several showings, but the interested buyers request owner financing. The realtor mentioning doing a rent-to-own (or bond for deed). I have friends who do this and love it. I’m not opposed. But would like some feedback. What interest rate is fair? I was thinking 4% with 20% down, or 6% with 15% down. Also, what kind of headaches can this type of deal lead to? Here is the link to the property if interested in providing feedback.

https://www.zillow.com/homedetails/38828-Turkey-Ridge-Rd-Mount-Hermon-LA-70450/2072185144_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

@Mike Hern

Fixtures are certainly dated. I will ask the realtor. I just didn’t want to bother him over Christmas weekend and was curious. But you’ve made good points.

@Lydia S.

Interesting. I’ll be sure to reach out to the realtor and discuss that.

@Bud Gaffney

Fair point. There’s none needed here. But I’ll be sure to pass that along to the realtor.

I’m very excited to finally get my first flip on the market. I have about 30k tied up into a used (but very nice) mobile home on a 1 acre lot I purchased that had a hidden water well and unused septic on the property. I moved the mobile, found and reshot the water well, and had the unused septic inspected and approved. With only 30k invested, and with limited knowledge of the local market, I expected to get 70-75k for the property. I contacted a realtor to discuss working with me to sell this property. He told me we should list it for 115k. I was very surprised, but obviously very excited. It just listed, but I’m curious why it was listed as a fixer-upper. During the move there were a couple pieces of broken trim that I didn’t replace in one bedroom. I also had to cut the drywall to replace a shower supply line. I repaired the drywall but did not paint it. Aside from that, those are the only needed repairs. I don’t feel like that would make it a “fixer-upper”and I feel that term will chase away potential buyers. Any opinions on this? I hate to question the realtor, but that seems odd to me. What sort of repairs are normal wear and tear and at what point does it become a fixer?