All Forum Posts by: Lauren B.

Unless your looking for a duplex -fourplex I don’t think you can buy an investment property with a 3.5% fha loan.

You hold a note. You are the bank. Title conveys, if they default, you foreclose.

And here I thought I was going to learn about bubble poop. I had an image in my head of a little pink pile of poo. How disappointing.

I also vote “haul it to his new house”.

Run the numbers both ways; - saving PMI vs - higher rent due to upgrades you make with the cash I’m always inclined to keep cash on hand when mortgages are cheap, and I’d feel better with cash reserves in the event something expensive comes up.

I am starting an Airstream Airbnb and know airstreams intimately. Prior to real estate, I bought/sold / renovated airstreams. PM me if you want to discuss.

I can’t connect you directly via mobile app but I have a contact in FL who may be able to help you with MH title issues. PM me.

Also, Wayne Brooks ; Asking the landlord to arrange a “discounted rent” via a partial tax deductible tax write off (regular rent is $1000/mo, non profit pays it and landlord donates back 25 or 50 percent) isn’t necessarily pie in the sky in rural areas where it could otherwise be hard to rent out a 6+ bedroom home for market rent. Might not fly in hot markets, but a friend of mine starting a non profit in a rural community was able to do just that because the commercial property had sat vacant for a long time.

Look up oxford houses. They’re an existing non profit and thy have a model in place and can help with funding. Even if you don’t want to open an Oxford house per se, the model appears successful and would be worthwhile to investigate.

I want to buy repo’ed MHs and plop then on land and sell. Clayton (our local dealer) seems to already be doing this with late model repo’ed doublewides. I’m flipping a DW on a street now where Clayton bought 3 lots and did just that. Makes sense for them to optimize their profit. But certainly makes t hard for anyone else to do this when they get first shot.