There's a major difference between sharing EQUITY with another person and sharing APPRECIATION via financing. The LENDER stands outside all the problems and liabilities of fee title ownership with clear rights to the first profits OFF THE TOP. Learn how to structure a Shared Appreciate Transaction....
There are many her ways to make money as a park owner. Let's track one of the most successful park owners I ever met to see how he did things. Bill owned a 113 space water front combination rental and condo park. He also owned a finance company, a used Mobile Home dealership, a Mobile Home moving company, a new Mobile Home dealership, a management company, a fuel oil and bottled gas company, a Mobile Home repair service, a sewer and water utility company and a collection company.
Mobile Home owners fall into dire financial circumstances as a result of all the usual reasons that affect conventional homeowners; but there are unusual circumstances that create opportunity: When a mobile home is situated on an individual rental lot, or in a land lease park, being in default on the loan is usually accompanied by being in default on the lease too. This creates challenges for everyone.
About 1/3 of all housing have been built in factories and brought to the site for installation and/or assembly. Included in these figures are MODULAR HOMES and PANELIZED HOMES. There are many different ways you can invest in and make a profit with this type of real estate or the land where these homes go.
The time to start thinking about your future is now. Real estate can provide income so you can quit your job to focus more time in acquiring real estate which will produce even more income. And real estate can provide a safe and secure retirement.
Everyone's path for getting started in real estate investing is different. Many start down one path, then change courses later as they learn more and discover a better way. There is no one right way to get started. Your background and resources (in time and money) will have a lot to do with the paths you take. One things is for sure, those to DO get started in real estate investing are building a better future and financial security for themselves. Read how one CashFlowDepot.com member, Hal Cranmer, get started in real estate investing.
Now, more than ever, there is a great opportunity to buy houses subject to the mortgage (with a little twist). It is harder for sellers to sell their house to a buyer who gets new financing so sellers are more open to “creative” ways to get their houses sold fast. But you should not buy Subject-To the mortgage... here's why...
Here’s something you may not know about me, Jackie Lange. After my son and daughter were born in 1980 and 1982, I made the decision to be a stay-at-home Mom for a year. A year turned in to 12 years. Twelve years of Sesame Street, Cub Scott Leader, Girl Scout Leader, home room Mom and grinding organic wheat to make fresh bread every day. Read the rest of the story to learn what happened next....
Real estate negotiations do not need to be about the lowest price. People are forever trading off one aspect of a property or transaction for another, depending upon their needs, prior experience, and personal goals. Some of the things they trade off include:
As Boy Dylan sang, 'things, they are a-changing' and we've got to be able to adapt to them. First of all, we've learned that national news headlines don't always affect our local situation. In some regions, real estate is booming. In others, it's depressed. In some areas, state and local tax policy is aimed squarely at real estate profits and values. In other states, real estate has privileged status. We know now that the selection of the political and economic environment in which we invest in real estate can make a big difference in how much money we make.