Cash Flow With Joe

mobile homes

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Trailer differences

Trailer differences

Trailer differences   I’ve had a lot of calls this week about mobile homes. Mostly, the conversations centered around the differences between trailers and stick-built homes in rehabs. So, I’d like to highlight a few of the major differences you need to be aware of should you decide to purchase a mobile home.   To me, mobile homes are very interesting. I used to watch this show called...

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Face to face

Face to face

Face to face     Monday morning was super busy for me. You see, we had a closing where we were purchasing a double wide on it’s on land, and I needed to prepare closing docs, get a cashier’s check for that closing and also attend to my normal Monday morning commitments.   Due to labor shortages, my bank’s local branch had its lobby closed. As such, I had to go through the...

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Why you need a bill of sale at closing

Why you need a bill of sale at closing

Why you need a bill of sale at closing   We recently bought a land home deal, which is a mobile home being sold with land. We call it a land home deal because you can buy just the trailer and not the land. This takes place in a mobile community or somewhere else where you own the home but rent the lot it sits on.   Buying a mobile home on a rented lot was something we used to do all...

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Is cash king?

Is cash king?

Is cash king?   I will never forget the first deal Ashley and I had ever done that was severely damaged by fire. The year was 2011, and the deal, which we call the burnout, was a 1992 single wide located in a mobile community in Dalton, Georgia.   That house was the third deal Ashley and I had ever done. A burnout on our third deal sounds pretty gutsy huh? Well, there’s a fine line...

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A different, but permanent fix

A different, but permanent fix

A different, but permanent fix   I recently walked into the Gordon County Tax Assessor’s office and approached the desk where I was promptly greeted by one of the assessors who asked, “How can I help you?” I told him that I was about to knock his socks off. He leaned slightly forward with a semi- concerned look, no doubt preparing for a disgruntled taxpayer, and asked, “How’s that?” I told...

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