This is the amount I collect at the time of sale. I fill out the proper forms, deliver them to DMV, and they cut a new title listing my buyer as the registered owner. DMV will also forward information on the sale to the appropriate city tax collectors, so that all future tax bills go to the new owners. This is the personal property taxes for the mobile home that is collected by the local tax collector. If we have a lien on the home, this will be shown on the title together with our address.
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He rocked his gig for a long time, and news of the Lonnie Scruggs death was a hit to the real estate investment community.
Since he was an investor who made his mark and produced materials that are still in demand, I figured he was definitely worth a review. Why are you here? I mean, really? Tired of the treadmill, done with the daily grind, ready to roll away from your 9-to-5? Am I right? Does real estate investment look like the ticket to the good life? If so, I can relate.
Or at least I could, a few years ago. I got on the real estate investment train and rode it down Success Line. Collected houses and properties, made a bunch of cash, then lost it all when the economy crash hit me like a midnight express coming from the opposite direction. All of my cars blew off the tracks and I was sitting there looking at a locomotive graveyard. While I sat my lonely ass on the rail, looking at the wreckage and wondering how the heck to get back on the line, it made me wonder what I needed to do to win in being an entrepreneur.
I found my answer. The biggest enemy I had lived between my ears. Now after jumping into an internet-based businesses I found something I love. You may find an opportunity that will give you what you came to this page for. Just check it out! Scruggs served eleven years in the Navy but spent most of his life as a real estate investor. He owned, rented, managed, and maintained his own rental properties for 35 years, then began selling his properties and buying discounted notes and mortgages.
When good notes became hard to buy, he created his own notes and developed a system for buying, selling, and financing used mobile homes.
He described the Lonnie Deal as a form of real estate investing involving the purchase of mobile homes in a mobile home park. Investors carry out minor rehabs and then sell the home to the new occupant, financing the sale meaning that the investor acts as the bank or lender and receives monthly payments from the buyer, usually over a period of five years or less.
A buyer who stops paying on the loan or moves out and skips town leaves the seller with all of the cash from the payments and the freedom to turn around and sell the mobile home to a new owner, again with financing.
The idea is that as buyers default on their loans, the seller can keep re-selling the mobile home, over and over. However, the Special Report is available at LonnieScruggs. The Special Report covers permissible interest rates and permissible number of annual deals; when to use a mortgage broker; rules on buyer qualification and advertising; and consequences of violating the Dodd-Frank rules.
It includes a special report on new rules for selling mobile homes with seller financing for compliance with Dodd-Frank.
Deals on Wheels: How To Buy Sell, and Finance Used Mobile Homes for Big Profits and Cash Flow
Sabei Susan is whels reading it Jun 04, Another family could move in, by the time they completed their lease period, that old option expired. Not a scrufgs bunch dealls filler rhetoric Personally after 3 decades in this biz doing just about everything there is to do in it I see very little value spending any money on old beaters. There are a couple of videos on YouTube of Lonnie Scruggs. Made some cash flow for some years. Thanks for telling us about the problem. Where would you put them?
Deals on Wheels by Lonnie Scruggs
Lonnie Scruggs’ Deals on Wheels: Are Mobile Home Flips Good For You?