Buying homes

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John

Buying homes

Post by John » Fri Mar 07, 2003 2:54 pm

Chrissy,
I'm hoping you or one of your park managers might able to help me prior to my making an investment in mulitple homes. I would like to purchase a multiple of homes in the Southern CA area, and then sell them to new buyers and I will finance them with my own monies and carry the notes. My concern is that many of the homes in Southern CA are older and may even be pre-hud and that after I purchase them and resell them on a 15 year note, that there maybe a potential for somewhere along the line the park owner not renewing the lease and wanting to have the home removed from the park due to it's age. This therefore makes my note lose a large portion of it's value. Do you have any thoughts or comments regarding this?
Thanks,
John

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