All Forum Posts by: Leslie A.

I would love to do that myself, but I think you would need a license.
I believe someone has said that loans on mobile home titles would be considered mortgages and fall under SAFE act?
But if that wasn't true, it might be doable in Texas under the laws that allow auto title loans, that's a pretty simple licensing process, I think - not 100% sure.

James,
This isn't going to be an official list, but you can search on Google for mobile home parks and the city. It will give you a list of all of them. You could then drive by the park and get the space numbers off the mailboxes.
Just curious, why do you want this info?

Robert,
Can you tell me how you're able to post so often? Do you just have several email addresses?

Thanks

I was referring to a Hard Money Loan

I'm probably showing my ignorance here, but don't usury laws apply to consumer loans rather than commercial loans? Aren't HMLs commercial?

Just wondering why we should follow your advice? What are your licenses and credentials?
Sounds like you're just trying to eliminate competition. It's getting a little irritating.

Hi,
I would appreciate advice on how you can be sure the note buyer you're working with will actually close the transaction.
I knew a mobile home park owner who had some notes to sell. I was contacted by a person who buys MH notes. They stated that they've been buying notes for eight years.
This person had a contract with the seller to buy 2 notes. He required the transaction to be handled through an escrow company and agreed to pay all closing costs (also in the contract). he gave the instructions to the escrow company and required much paperwork and legwork from the seller.
When it was time to close, the buyer felt the escrow charges were exorbitant and refused to close.
Now, I'm not so worried about my loss of fees (they were small), but this put a lot of hardship on the seller who was counting on the funds.
After this experience, I don't want to be in the middle of any note transactions. Really, note brokering/finding isn't in my long term plan anyway.
Would love to hear your advice and experiences.

I would ask the seller why the park is so empty.
I think Steve's analysis of the numbers is right on. The extra empty pads are a great plus, but like he said, filling them might be difficult.

This is the type home a Lonnie dealer might be interested in. It's in a park and can stay there. It's in good condition 3 BR 1 1/2 BA.

I'm buying back a mobile home from one of my noteholders. If there are any investors in Atlanta area that might be interested in it, I could make a nice deal for you. Please call me as soon as possible. My phone is in my profile or on my website below.