OfflineIn some parts of the country there are communities that have the right to market a person's home for not paying their water, sewer, and garbage fees. The high cost of creating safe water and sewer treatment is a major issue. In order to make people pay the bill, they need to have the incentive of pay or lose your property. It is possible to call the number on your utility bill to see what recourse the city has to collect this billing. A pleasant surprize may come to find that it is possible to purchase property for back owed water bill.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Condominium or Association dues are collected monthly to cover the costs of property tax, insurance, exterior maintenance, and water-sewer bills. Since taxes and utilities have to be paid, they have to have the right to sell property to make the property owner pay his or her share.
An example is a fellow died and left $5,600 dollars owing for association fees. A friend of an investor knew that the sale was going to happen and made him aware of it. The investor was able to get the property for the $5,600 for a fair market value of the unit of around $56,000.00. Contact Association managers or presidents to determine when, how, and where sales might be made. How one would bid and obtain property.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
When a person can purchase a mobile or manufactured home to fix and sell, the money is in the financing. Presently, interest on seller financing is 12-14%. Once a suitable unit is found and repaired, the marketing completed, the real money is in the interest earned. The typical term is 10 years with longer term available for larger sales price. Contact the local mobile home or manufactured sales offices for comparable sales. NADA Blue Book has a manual for the more recent models 1990 to current.
Best advice is not to get involved with mobile homes older than 1983. Recent updating of HUD and FHA requires better construction of these units.
Take time to study mobile home listings, sales, and contact companies that take them in on trade for newer units. Resale of property can be very useful to help you determine your profit.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125