Reduce Your Mobile Home Vacancy RateHaving a vacancy in your investment mobile home is an inevitable part of the mobile home investing business if you will be renting or selling (via payments) a mobile home inside a park or attached to private land. Although this vacancy process can be thought of as an unpleasant experience, with just a few attitude and business adjustments you can continue business as usual the next time you have a mobile home vacancy.In the start of my career I experienced an … [Read more...]
Collecting Payments
January 10, 2012 By Leave a Comment
From the last decade of collecting monthly payments from my tenant-buyers I have come to a great generalization; once a tenant or tenant-buyer asks for a repayment plan, more times than not there is a finite-time before the tenant-buyer will stop paying completely and be forced to move away. Follow the tips below to collect all monies due you.Read the full post here... … [Read more...]
How Partial Notes Work When Selling
November 18, 2011 By Leave a Comment
How Partial Notes Work When SellingThere are all sorts of ways to buy and sell a mortgage note. A common question that note sellers ask me is how a “partial” works. A partial is simply when a mortgage note buyer like myself offers to buy part of a note. Instead of buying the entire note, the mortgage buyer purchases just some of the payments or the payments and part of the balloon. Why would anyone want to do a partial?Let’s say that you sold a house one year ago to a buyer for … [Read more...]
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