All Forum Posts by: Earl Allen Boek

Quote from @Dave Skow:

@Francisco Lopez- thanks for the post and best of luck with the  move ...tough question to answer without more information ....in general - having a  solid  nest  egg  of cash in hand  to live on is  incredibly important  when moving and  re establishing ...so I woud recommend  considering selling ( even though at a slightly lower  price than  you woudve  got  6-9 monhs ago )  ...and  then move on wiht your plans  in the PNW  with cash in the bank and a much more  streamlined life that you can  focus on .   regarding  futue  deals - emplyment / income will be  very  importnat  to have  in order to obtain any new  financing - so make sure to  try to get this in place  asap - feel free to stay in touch with any other ideas / questions / needs

@Francisco Lopez-I believe Lender Dave Skow from Seattle, WA just gave you the best suggestions. As someone that
has looked at and funded hundreds of refi's and hard to do transactions, with possible upcoming  Covid mandates,
high inflation, uncertain federal admin., on and on, better with a move to a new area to have cash in hand. 

I would further advise you to go to the Seattle where you can maybe hook your wagon to Dave's operations, sounds like a good, possible mentor to help introduce you to the North Pacific.  Good luck and Blessings. EAB

Kind of you sir, unit NOT on Foundation however we do have earthquake insurance.  What interest rate do you think is reasonable?  Like any loan I'm open to an offer.  I'm pretty sure a credit union

will also want a permanent foundation.  This home sits on it's own large city of Redding lot. In a 

subdivision of 205 homes.  Likely the largest in sq footage in the division. 

Sorry, Loan only wanted for 10 years....not 110 years.   Smile

Private lender wanted. Borrowers have excellent retirement incomes from several source and 

good credit.  Manufactured home located in desireable Northern California Subdivision of 205

homes and city lots. Close to public transportation and all services.  Large home and lot back

to green belt.  Home has many extras, awnings, porches, steps and decking, concrete parking,

pads and fencing, 4 camera alarm system.  Located just 10 minutes from Shasta Dam and Lake

and 15 minutes from Whiskeytown Lake.  5 minutes to Sacramento River.  

Looking for $100K Borrower to pay all fees and loan cost. To see home and estimated Zillow

value Google:  4521 White River Drive.  Borrower is Earl Allen Boek can be found on Facebook.

Will pay 5% for 110 years automatic deposited into your account of choice.  Escrow and Title

by Fidelity of Redding, CA.  Contact me here or at earlallenboek at gmail or yahoo.  Thank you.

New First on Income Producing Property and Land, with Cash Out for Home Improvement

(Google 4521 White River Drive,  Redding, CA. 96003)  Borrower picked up this once distressed

property over 6 months ago.  Past renter rebuilt their Harleys in living room.  Sellers could not

afford to make repairs and needed upgrades to sell or re-rent.   Over $50K labor and materials

invested.  Estimated Value  approx $150K  Insured for $140K.  1500 Sq FT Manufactured 

Home on It's Own Large, (backed to green-belt) fenced and cross-fenced city lot.  

Borrowers have substantial tax-free veteran and social security, tax-free income and good credit. Monthly payments to be auto-paid to your account. Borrowers to pay all escrow and title fees.  (Loan Amount $100K at 10 yr. @ 5% @ $1060.66 due you per month)  Fidelity Title Redding, CA Dawn Quintella.  Contact Earl Allen Boek Principals Only Please

116 Views  Not the deal of the century, I realize that, but I have found a lender

that I believe will close on this transaction within 30 days.  Is it structured 

exactly like it was when I started.  NO....like most deals it morphed into a 

loan that I and the seller can live with. 

Like my mentor Donald Trump taught me years ago, There is no perfect deal.

Don't wait for it to be.  "pull the trigger on the deal"  make it into one that works 

for you.

Sorry, at the peak of our market 2008 this unit was offered at $159,950 by one of

our top Real Estate Agencies.   The lot is huge and could not be duplicated today

for less than about $65,000. lot only.  

I've tried twice now to download the listing flyer the last time this home and lot

were green, all the carpets were new and the unit had been freshly painted.

All that we be brought up to the same standard again.  I can send you the listing

with pictures if you will provide a email address.  Also I can do a walk through

and take new pictures as well if you like.  The owner had it empty and just needed

to see some regular income coming in off it.   She is a senior lady and only asked

me to pay 3% interest.  I refused to do it, on this transaction and doubled it to 

6% with I felt was fair to her.  Didn't want to be accused of elder abuse or not

treating her fairly.  She's a nice lady, we are friends.

The $5,000 debt consolidation increases our take home by $700 a month which

includes $110 a month that will not be needed for storage unit.  We saved mom's

life 4 years ago.  She get's her home back and we get our lives back, yet we are

still close enough to help her out or get to her quick.  It's a make sense deal to us.

Seller accepted $65,000 offer for Huge Mobile Home On Private Lot. See past listing flyer. Unit actually measures 2250 Sq ft.  Two huge bedrooms/2 bath one with sunken tub and shower.  Roof under 5 years old, storm (double-pane with air spaces) through-out main living area.  large formal living area, Breakfast bar, two large attached carports, indoor laundry.  Two homes in area just sold for $120K and $129K after some rehab.  This unit does not need complete rehab, but does need carpet, drapes, paint, sprinkler system repair and other maintenance completed. Has RV access covered and two metal sheds with large back yard  bordering greenbelt. deer, rabbits, eagles, hawks and coyotes have all been seen in this desirable area.  See older listing flyer, this was the value of this unit at the top of the market. Again, after TLC paint and carpets It will appraise for at least $120K.

In our area it would rent for right at $1,000 per month. Taxes and HOA fees are low just $450/$120K Buyer (me) provides security for this subdivision and surrounding will be president of HOA after closing. Unit on lot Sales Price $65,000

Seller wants $10,000 Down, at close of 30 days escrow and title.  Seller has agreed to carry first at 6% @30/5 at $329.00  per month. AS IS SALE.  with Taxes and Insurance that's around $559 per mo. for 2250Sq Ft.!!!

Either pay off first or just fund $30,000 second at 10% 15 yrs/due in 5 at around $322 per month. My total nut is just $881 per mo.  

Purchasers (husband wife) have guaranteed Federal Retirement and VA income. Over

$3,600 per mo.  $30,000 to be invested as folllows

Down Payment  $10,000

Escrow Title           1,000.

Insurance                 $500

Debt consolidation 5,000 pays off personal loan $3,000 and doctor bills for wife

Balance to be used for carpet, padding, paint, repairs, sprinkler repairs, landscaping, 

fencing.  Unit has mostly new appliances already, including washer dryer. 

Please contact me with any questions. We can use my new LLC to hold unit if you'd

like, though I am willing to sign both on behalf of LLC and personally. Unit is located in Redding, CA My mom and family has similar property in the area. I am a paid health care worker for my mom 20 hours a week. So the location 6,7 houses away is perfect for both families. I can be reached at the number and email below.

Thanks for your interest.