Posted by Dr. Craig Whisler on January 12, 2004 at 10:14:33:
The other ways aren’t profitable for you, unless you are a licensed lender tapped into a large pool of cheap money.
Lonnie’s way is best. Do your own buy/sell deals and create your own high yield notes.
Second best is to buy discounted notes from others.
Third best is, just grasping at straws, which you’ve already tried unsuccessfully. Reconsider numbers 1 & 2.
Refinancing Mobile Homes - Posted by Gary (CA)
Posted by Gary (CA) on January 12, 2004 at 01:36:09:
I have been marketing to purchase Mobile Home notes and recently have been getting requests for refinancing. Is there a creative way to refinance Mobile Home notes without becoming a lender? I can see trying to buy the note from the note holder (assuming you can) and restructuring the note to meet what the payor is looking for, sort of a backdoor refinance. And at the same time increasing your yield, i.e., lower the interest rate while increasing payment.
Thanks for any insight,