Posted by Marty (MO) on January 05, 2006 at 12:48:43:
go to re clubs for investors looking for unique opportunities. also, look at friends, family, etc. Other Lonnie dealers around you might be interested, also. I’ve used my self-directed IRA to invest in other Lonnie dealers. People with self-directed IRAs love these deals…
good luck!
Marty
Where can I locate investors? - Posted by DWB-Okla
Posted by DWB-Okla on January 05, 2006 at 08:29:07:
I read a success story from Marty(Mo) using an investor. Where do I find investors like this?
Re: Where can I locate investors? - Posted by Don Wilson (OK)
Posted by Don Wilson (OK) on January 05, 2006 at 09:26:51:
I am from Tulsa what do you have in mind?
Don Wilson
Re: Where can I locate investors? - Posted by DWB-Okla
Posted by DWB-Okla on January 05, 2006 at 12:14:30:
Don,
Something like the deal Marty did below. Let me know
I Get “Infinite Yields” Investing in Mobile Homes
Marty Woods, MO
Just a typical 120% yield “Lonnie” [mobile home] deal?
I bought a nice 1995 two-bedroom, two-bathroom 14x70 in our favorite park for $4,500. I closed on it at 10:00am. Before 11:00am, I had it sold for $13,000 to a good buyer. She put $1,500 down and will make 48 payments of $302.84 on the $11,500 note.
We tweaked this deal a little bit by using $5,000 of investor money to buy? The new numbers are: We pocket $2,000 after buying the house for $4,500 and getting $1,500 down. From the note payments, we pay our investor $152.15 and we keep $150.69.