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Updated about 3 years ago,
Needing help with FIRST negotiation! TIA!
I'm talking with a friend who owns two mobiles homes on rented lots. She also owns property with a double wide mobile home. She knows my personal situation rather well. She is going to show me some properties this weekend. I'm excited AND NERVOUS. I will potentially be purchasing:
1. Two mobile homes on rented lots. Lot rent $200 per mobile home. Cash flow is $450 and $250 currently per mobile home. I do not think she has allocated money for maintenance. SHE is the management.
and
2. One double wide on property she owns. Cash Flow $650 but probably worth $800 or more in the market.
I need to TALK with someone regarding the issues. TIA!