Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

82
Posts
27
Votes
Champ Leong
  • Investor
  • Birmingham, AL
27
Votes |
82
Posts

Needing help with FIRST negotiation! TIA!

Champ Leong
  • Investor
  • Birmingham, AL
Posted

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!

Loading replies...