I recently got a home back that i was holding the paper on. I didn’t create the mortgage, but bought it when I bought a park last year. I have 7 notes remaining.
I’ve not done sold any homes so have a couple questions. I don’t want to rent it, but want to sell for cash so as to not involve safe act, etc. teh home is a 2011 2bed/2 bath. $34K still owning. I’m willing to take somewhat of a haircut to get it off my books. I have 4 vacant lots on a 59 space park. Park is in the early stage of turn around as it was pretty rough when we bought it. Market is tight for apartment rents.
I want to send a letter to the current residents first as they know of the improvements we’ve made. What type of incentive should i offer if i get areferral that qualifies and completes the deal to buy the home?