[Andy Teasley]

Andy Teasley

Mobile homes. cashflowdepot has some great resources including Deals on Wheels by Lonnie Scruggs

[Andy Teasley]

Andy Teasley

It’s been proposed but it will be opposed by the death tax proponents so unlikely to be implemented

[Andy Teasley]

Andy Teasley

No surprise here but I’d do a Wobbly box flip then hypothecate the note to replace my investment capital and collect immediate cash. Quickest way I know to generate cash and cashflow

Andy Teasley
Wizard of Wobbly Boxes
760-343-2404

[Andy Teasley]

Andy Teasley

Just a thought, with dirty dishes in the sink, did someone die in the house? In California that might make it only rentable for some years.

[Andy Teasley]

Andy Teasley

First I’d learn why his heirs haven’t stepped in and taken over. Next I’d discuss the tax ramifications of capital gains on the sale of the homes. My first play would be to lease all 12 homes for 60% of his average earnings over the last 5-10 years, I’d have all 12 homes appraised at current fair market value and purchase an option to buy all 12 homes for their current value from his heirs after he and his wife go to Heaven as Clyde puts it. Then I’d fix the dead inventory up and raise rents on the performing 6 units.
If he had no heirs or was pissed off at them, perhaps a purchase today using “installment treatment” for taxes would reduce his tax hit and I could buy the homes now but use seller carryback financing that would support him well for the remainder of his life with and remaining balance dismissed at his death or the note willed to my grandchildren.

Andy Teasley
760-343-2404