Posted by Dave(WI) on December 19, 2000 at 21:55:22:
First try friends, family, relatives, co-workers etc. I just finalized my first deal with my mother-in-law!!
Also, try buying a mobile home with option to buy or better yet over time. I just bought back the second mobile home I sold over one year ago. Back then I bought it for $2,000 sold it for $6,000 with $3,000 down and $3,000 financed over 2 years. They buyers paid it off in 6 months and now have new jobs and need to sell. They want $3,000. Here’s how I structured the deal. $500.00 Down, $500.00 once I sell the M.H. (I’ll use my buyer’s down payment of $500.00) and I’ll pay off the remaining $2,000.00 over 1 year interest free at $167.00/month.
Now, I should be able to sell for $8,000.00 (Buyers did alot of work and fixed it up real nice), for $500.00 down and finance the rest at 15%.
I honestly dont have the money to start.I have to save the old fashion way until I can get one mobile.Does anyone have any ideas on getting money?I tried the banks they denied me.I have credit they are at the limits.
Posted by Robin (AZ) on December 19, 2000 at 19:05:15:
How do you find a partner? I have the time and enthusiasm, but no $$ (I’m a law student-- they like us poor and hungry…). I’m confident I could make someone some good money, I just don’t know how to find that person…