Today an investment fund that I manage is scheduled to recieve the last payment on an owner financed house that was sold a couple of years ago. The deal was a good short term deal and it paid for the most part like clockwork! I hate to see it go, but alas the end is the end or so it seems.
The house was an older manufactured home that was purchased for $7,000 and was sold for $15,000 with a 9.24% interest rate. The return on investment is what will be missed the most. A whopping 43% per year!! That is 43% with no leverage (debt to make payments on). If only we could create a hundred of these! Whoa! Just imagine the return that can be generated by doing volume in these types of investments. Ok now I know you are saying yea yea yea but that does not exist! Have you ever seen a Manufactured Home community (MHC) with 75 to 200 spaces? With a MHC you could reasonable do the kind of volume that will allow you to retire very quickly!!! With just a meager return on the land involved in the MHC you get an opportunity to earn 40%+ annual returns on the homes that will occupy those lots. Do you know what the downside is? If not call me at 512-689-6742 and I will share it with you.