 Paging: Richard / Part 2 (by Roy [AL]) Mar 18, 2019 9:22 AM
 Paging: Richard / Part 2 (by Richard [MI]) Mar 18, 2019 9:27 AM
Paging: Richard / Part 2 (by S i d [MO]) Mar 18, 2019 9:29 AM
Paging: Richard / Part 2 (by GKARL [PA]) Mar 18, 2019 11:54 AM
Paging: Richard / Part 2 (by Ken [NY]) Mar 18, 2019 1:11 PM
Paging: Richard / Part 2 (by Roy [AL]) Mar 18, 2019 3:49 PM
Paging: Richard / Part 2 (by Ken [NY]) Mar 18, 2019 4:19 PM
Paging: Richard / Part 2 (by myob [GA]) Mar 19, 2019 5:00 AM
Paging: Richard / Part 2 (by Oregon Woodsmoke [ID]) Mar 19, 2019 7:39 AM
Paging: Richard / Part 2 (by Roy [AL]) Posted on: Mar 18, 2019 9:22 AM
Message:
Richard,
I was expecting to get a counter-offer on those 2 MH's that I made low-ball offers on last week. Instead, today I got a voice mail from the seller's attorney saying "Your $5K offer for both MH and lots has been accepted! " Stupid me,... my low-ball offer was not quite low enough.
I have not called the attorney back just yet though. I am having second thoughts about whether or not I really want to assume ownership of 2 MH that need a lot of work. As you know, all MH's have a 'hassle factor' associated with them and it is that hassle factor that giving me 2nd thoughts about this.
I will call you later.
--68.63.xxx.xxx |
Paging: Richard / Part 2 (by Richard [MI]) Posted on: Mar 18, 2019 9:27 AM
Message:
Paging: Richard / Part 2 (by S i d [MO]) Posted on: Mar 18, 2019 9:29 AM
Message:
Well....CONGRATS! If you get these cash cows brought up to speed you should be able to make a LOT! --173.20.xxx.xxx |
Paging: Richard / Part 2 (by GKARL [PA]) Posted on: Mar 18, 2019 11:54 AM
Message:
One of them is ready to go with repairs and clean up right? I still say your downside risk is minimal. Worst case scenario, tear them down and rent the lots. --209.122.xx.xxx |
Paging: Richard / Part 2 (by Ken [NY]) Posted on: Mar 18, 2019 1:11 PM
Message:
Roy,buy them quick,sell the mobile homes on payments and collect lot rent.What is there to think about.Then go buy the other 4 lots and contact all the owners and start buying them all out at those prices --72.231.xxx.xxx |
Paging: Richard / Part 2 (by Roy [AL]) Posted on: Mar 18, 2019 3:49 PM
Message:
Ken,
Today I went back and re-visited these MH's AND took a more closer look at the surrounding neighborhood. The entire neighborhood is a filthy slum and the tenants/residents here are the worst white trash I have ever seen. I would rank this neighborhood as Class D-. Maybe age is catching up with me, but I just don't have patience to deal with this degree of filth. No matter what I would do here in trying to rehab these 2 MH's,..they are still located in a slum that I have no control over.
So, in the morning I will call the attorney and pull my offer off the table. Plus, I deserve better than this. --68.63.xxx.xxx |
Paging: Richard / Part 2 (by Ken [NY]) Posted on: Mar 18, 2019 4:19 PM
Message:
Roy,You have to do what works for you,i wish there were lots like that around here --72.231.xxx.xxx |
Paging: Richard / Part 2 (by myob [GA]) Posted on: Mar 19, 2019 5:00 AM
Message:
Roy and that is the bottom line: NO CONTROL. --99.103.xxx.xxx |
Paging: Richard / Part 2 (by Oregon Woodsmoke [ID]) Posted on: Mar 19, 2019 7:39 AM
Message:
Maybe you could Lonnie Deal them. You could probably get your initial money back as down payment money and then a bit of monthly payment money for awhile. --98.146.xxx.xxx |
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