March 2006 Newsletter
I.
Greeting from Roberta
II.
"Powering Profits With Private Mobile
Home Paper" by David Butler
III. Helpful Websites
IV. Upcoming Events
Greetings, In the Spring a
“note finders” fancy turns to thoughts of – how much they would love to have a
bountiful supply of owners with notes to contact. As I have presented on a
regular basis at note seminars and workshops: If you don’t sow the seeds by
target marketing, nothing will blossom or bloom. Your ship simply won’t come in
if you don’t first send it out.
This month our Newsletter features David Butler’s article on Mobile Home Notes.
Trust me, he is the most knowledgeable person I know on how to find, evaluate,
negotiate and build wealth with Mobile Home Notes. We will be updating our
website regularly www.sellerloans.com with details on a Mobile Home Workshop to
be held in July presented by David
and Terry Vaughan . There are literally thousands of mobile home
notes in the private secondary market. Until we met David, we shied away from
investing in them simply because we did not know how to evaluate the note or
complete the “due diligence”. There’s not a lot of competition in this market,
and there’s plenty of notes. Learning about how to tap into this market will
open a whole new world of opportunity for you.
For those interested in boosting your business with “Land Trusts” you might want
to check out our web site for Equity Holding Corporation found at
www.equityholding.org and click Free
Articles. Lots of information and ideas there on how to acquire real estate
using no money of your own. The events calendar on the web site will let you
know when and where free land trust seminars will be held. May everything “come
up Roses” for you this Spring. Roberta and Tom
II. "Powering Profits With Private Mobile Home Paper" By David Butler, Hotspur Consulting
As professional investors, all
of us dream of the opportunity to buy good investments – earning great yields...
and with satisfactory risk/reward ratios!!!
But most of us aren’t aware that for the past 10 years, a relatively small group
of prescient private investors (including yours truly) scattered around the U.S.
are happily digesting well-secured 13% to 40% average yields. Some of the more
knowledgeable of these investors are occasionally doing even better… earning
returns of as much as 70%, or more, on their investments!
How are these clever folks achieving this remarkable ROI? By carefully and
intelligently investing in privately held “seller carryback purchase money
notes”! Does the idea of having a crack at 43,000 or more notes each year, notes
that are earning investors anywhere from 13% to 70% and higher (and that hardly
anyone else is looking for) appeal to you?!? If so, read on!
The Hidden Market
You might already be aware of privately held seller-carryback real estate notes.
What you probably don’t know, is that there is a very lucrative little niche in
the private paper industry where you can purchase a heaping helping of all the
good notes you can handle, without fighting for your place in the bread line.
That niche is mobile home paper!
More specifically, these are private seller-financed notes that are secured by
used manufactured homes (HUD-Code) located in mobile home parks (or
“manufactured home communities” as the MH industry likes to call them these
days).
The mobile home note arena is a marketplace that is vastly overlooked – as well
as being greatly misperceived by the majority of note investors. But if you
decide to fully investigate this remarkable wellspring of peerless profits –
you’ll come to learn the reality is that most note buyers, simply don’t
understand the overwhelming advantages of careful investment in private
“seller-created” mobile home notes! And most investors haven’t even heard of
them!
"But it's not real estate!”, you say. And… you’d be right! These are not real
estate notes either, as the manufactured homes serving as collateral are
situated on leased spaces in MH parks – and thus they remain personal property
(not permanently affixed to and owned together with land).
From a practical standpoint however, MH notes are negotiable cash flow contracts
secured by residences, so they do have a very common bond with both real estate,
and real estate paper.
Like real estate notes, the MH collateral securing the notes still exhibits
several of the more important characteristics of residential real property. Most
manufactured homes situated in parks are principal year-round, single-family
dwellings. They have long remaining physical life spans similar to site built
structures. They have relatively expensive foundational support, and are also
relatively expensive to move out of a park location.
As a result, more often than not, these homes are almost never moved from an
original delivery site.
Mobile home paper is bought and sold with very similar analytical procedures,
and title transfer protocols, as real estate paper – with only slight variation.
Lien perfection, recordation, an orderly foreclosure processes, assignment of
interest, insurance coverage, lender in possession, etc. – all run along the
same lines as the more traditional real estate notes to some degree…so
experienced real estate and/or real estate investors should be able to do both
kinds of note transactions fairly easily.
The major differences are... To finish this article Click Here
III. Helpful Sites
SCHEDULE OF FEES AND SERVICES-
If you have ever shopped for the servicing, you'll take notice that we give you
the best service for your buck!
www.sellerloans.com/list_services.html
MORTGAGE CALCULATORS - Choose what you need and click below:
- Calculate Monthly Payment Table
- Refinance Break Even Point Calculator
- How Much Can I Afford?
- Early Payoff Calculator
- Loan Pre-Qualifier
- Monthly Payment Calculator with Amortization Table
- Loan Comparison
ON LINE STORE - "Tin Can Alley"
by David Butler. Order at
www.sellerloans.com/online_store.html
Go to WWW.SELLERLOANS.COM
for more great ideas.
If you have problems locating these, just call Pam at 1-209-742-5732, ext. 2 or
e-mail at pam@sellerloans.com.
| Monthly - All over the United States |
Bill Gatten Workshops on Land Trust Check out our Equity Holding Corporation web site at www.equityholding.org Go to the Upcoming Events Banner for dates, times and more information For additional Information or to register for this workshop: Please call Scott Whaley at 800-684-7788 or email registration@landtrust.net On March 24,25 & 26th the workshop will be at the Hilton Anaheim Hotel Price: FREE of Charge |
| April 29th thru May 3rd 2006 |
National Council of Exchangors Conference Attendees must be
Licensed Real Estate Agent to attend |
| May 19 - 21, 2006 | Pensco Symposium Brought to you by Pensco Trust Company For more information contact www.pensco.com Location: Scottsdale, Arizona |
| May 25 - 28, 2006 | American Cash Flow Convention
Check out their web site www.americancashflow.com Roberta and Tom Standen will be teaching two classes: - Investment DeJour -The Land Trust -Use Strategic Alliances to Build your Business Location: ATLANTA MARRIOT MARQUIS HOTEL, Atlanta, Georgia |
| September 21st - 24th | Noteworthy
Convention "Prosper in a Changing Market" Find more information at www.noteworthyusa.com Tuscany Suites - Las Vegas, Nevada |
| P.O. Box 77 Midpines, CA 95345-0077 |
||
| Phone: | 209-742-5732 | |
| E-mail: | info@sellerloans.com | |
| Fax: | 209-742-7153 |
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