All Forum Posts by: Simone Johnson
Simone Johnson has started 10 posts and replied 79 times.
Post: Opportunity to purchase 75+ Mobile Homes
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Hi. I have someone who has a great working relationship with a few mobile home park managers in more than one state. They managers don't want to deal with people in general, but due to this relationship, they have chosen to pass them leads on MANY people who want to sell their mobile homes. The only seem to trust this person and now they need buyers for the homes, but don't have the resources. They don't want to deal with realtors or anything.
I don't have the specifics yet, but if I present the right deal, I can joint venture and purchase them, etc. I don't know what specific questions to ask going into this conversation. If there are enough homes to where the entire park is owned, is it worth it, if the land isn't acquired as well? Where do you find buyers for the homes or renters? I know I put 75+, but I think that its over 100. I really don't know yet as they are apprehensive to share this information, but they can't do it alone anymore.
Any advice to learn if this a good deal and how I can help the people if they are in distress and that's why they are so motivated to sell? Any red flags that I should look out for? Thanks in advance.
Post: Mobile home investing
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Originally posted by @Gene Nelson:
I'm getting ready to present to a prospective seller on an owner carry, benefits pros and cons and make an offer on the park. I have already done the due diligence and am looking for tips and ideas of how to carry this process through.
Hi there... So how did it go? Any success? What worked or didn't? Still in the process? Thanks
Post: Setting up a crash pad for airline employees. Any experience?
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
FYI:
I live up the street. This is not a suitable crash pad property. It wouldn’t work well and word would spread internally and then it would be vacant and you would need to find out another use for the space.
Originally posted by @Josh F.:
If you are interested in a crashpad near the airport in Atlanta, check out this building currently on the market zoned commercial: 3196 Dogwood Drive, Hapeville, GA 30354 ...
Post: Atlanta 203K Lenders List From HUD
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Originally posted by @Brian Simpson:
All slow and painful that's the best I can say about it. I dont think we would ever do it again.
Thank you. I have heard this a lot. I will stay away from it Brian.
Post: Should I give the tenant a receipt for the collection of the rent
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
If its cash, then yes. However, I would never accept cash. Anything electronic, then no as they will have the transaction recorded already.
Post: Atlanta 203K Lenders List From HUD
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Originally posted by @Brian Simpson:
203K ugh! Is there a scenario where you've seen this work well? Is there not a better way?
Ha! Yes. There is. I was listening to Podcast 360 and have heard about how much work it is to use it. I was going to pre qualify for one as there is a home id like to house jack and thought it might behoove me to at least fully understand how it may or may not benefit me. I do know that they don’t work for every circumstance, but that they can be beneficial. What experience have you had?
Post: Atlanta 203K Lenders List From HUD
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Greetings,
Below is a list of lenders in the Atlanta area that I found on the hud.gov website. Has anyone had any experience with any of them? If so, what was your experience like?
| BANKSOUTH MORTGAGE COMPANY | ATLANTA, | GA |
| BROKER SOLUTIONS INC | ATLANTA, | GA |
| CERTAINTY HOME LOANS, LLC | ATLANTA, | GA |
| EQUITY PRIME MORTGAGE LLC | ATLANTA, | GA |
| EQUITY PRIME MORTGAGE LLC | ATLANTA, | GA |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | ATLANTA, | GA |
| LOANDEPOT.COM | ATLANTA, | GA |
| MOVEMENT MORTGAGE LLC | ATLANTA, | GA |
| VAN DYK MORTGAGE CORPORATION |
Post: Arrest warrant may have created motivated seller
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Originally posted by @Mitch Messer:
Hey @Simone Johnson! You might find this post on talking to sellers useful: https://www.biggerpockets.com/...
You're definitely a gold mine. Thank you.
Post: Proper Directions of becoming an Real Estate Investor? Help
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Hi! Welcome! Being here is a great start. What @Nakia Addison said is correct! Read, Listen and Absorb everything you see here and listen to on the podcasts.
There is a wealth of information on here and here is a great blog to start at...
Post: ATLANTA, GA - Probate Leads and Code Violation Complaint Leads
- Rental Property Investor
- Atlanta, GA
- Posts 84
- Votes 56
Hi. Are you providing this information for free or with a fee?