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Real Estate
21st October 2008
While some people are lucky enough to see a house while driving around, flip it and make instant profit, most people have to do the dirty work for flipping houses, aka, the searching, data retrieval etc, to find the appropriate market.
Finding Your Mar...
21st October 2008
Flipping homes can be a very lucrative investment strategy, but you will have to do your homework. Contrary to popular belief, financing isn't the hardest part of flipping homes.
There are several parts that go into flipping homes:
1. Financing â€...
21st October 2008
First, there is no such thing as a perfect wholesale real estate market, but there is definitely such a thing as a bad wholesale real estate market. If you find yourself in a bad market, however, don't panic.
The worst cause scenario is that your ch...
21st October 2008
In some of the worst housing markets in the country, deflation has reached double-digit proportions. While housing woes have reached around the country, California appears to be poised to rank among the worse. One of the primary reasons for this is the ...
21st October 2008
We may be seeing a significant increase of rent (or lease)-to-owns these days due to the current foreclosure crisis in America. A rent to own property can give those who may otherwise not be able to obtain a mortgage, a chance at owning their own prop...
21st October 2008
Unless you’re George Bush, you probably already realize that we are heading into a national recession. And if you agree that we are heading into economic trouble, then it is worth your while to make preparations to survive – and prosper – during thi...
21st October 2008
The 2008 Olympics in Beijing offers an important lesson to the manufactured housing industry. Here you have an event where athletes have taken a certain specialty, a certain strength, and turned it into an extremely advanced skill. Some of these people yo...
21st October 2008
You only need one mobile home park. That’s all you need to create a sizable asset and a consistent source of income. That’s assuming you buy it and operate it correctly.
There has not been a better time to buy that one park in the last decade. Due ...
21st October 2008
Nobody can own a mobile home park without having at least one run-in with the city inspector. They normally come out of nowhere, and often when you think you are doing a great job with your park. There is no reason for embarrassment – everyone has been ...
21st October 2008
If your definition of a good buy is to buy low, and buy when “there is blood in the streets”, then this is the time to buy mobile home parks. Prices have never been lower, and sellers more desperate, since the mid-1990s. And there does not appear to b...
21st October 2008
It is impossible to be a landlord and not receive frequent requests to “help” your tenants. These requests normally revolve around payment of the rent – either to pay late or to pay a reduced amount. And the way you handle these requests has a huge ...
21st October 2008
Although it has taken us literally thousands of pages to describe how to do due diligence and operate mobile home parks effectively, the general theory on how to make money with mobile home park investments could fit on the back of an envelope.
These a...
21st October 2008
There are few things more attractive about the mobile home park business than seller financing. Non-recourse seller financing allows the buyer to escape the hassle and scrutiny of bank lending, while at the same time offering some degree of insurance agai...
21st October 2008
When I first got into the manufactured home community business, everyone was obsessed by the concept of a “star” system – 1 for poor, 2 for mediocre, 3 for average to good, 4 for better and 5 for best. Owners would love to outdo each other by boasti...
21st October 2008
The baby boomers are retiring and many of the 77 million people that make up this demographic are going to be thinking about changing their residence. What are you doing to attract them to your property? Aiming at an older demographic can pay off in a ...
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