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Updated over 6 years ago on . Most recent reply

Ramsey Abdalbaky's profile image
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Ramsey Abdalbaky
  • Member since Apr 19, 2018
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Ramsey Abdalbaky
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Ramsey Abdalbaky
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Mortgage Brokers & Lenders

Buying a 8 unit mobile home park

Ramsey Abdalbaky
Posted
I’m looking for some financing advice on buying this. Currently 90% occupied. I’ve received some not so good rates from the bank. I have outstanding credit an all the credentials so I’m looking for advice on how to approach this deal. The cap rate with the current rent roll is 11% I’ve agreed to contract at 365,000 with seller paying 3k in closing
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Autumn Rankin's profile image
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Autumn Rankin
  • Rental Property Investor
  • from Bandera, TX
  • Member since Feb 9, 2017
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Autumn Rankin's profile image
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Autumn Rankin
  • Rental Property Investor
  • from Bandera, TX
  • Member since Feb 9, 2017
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Autumn Rankin
  • Rental Property Investor
  • Bandera, TX
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Autumn Rankin
  • Rental Property Investor
  • Bandera, TX
Replied

Hi Ramsey,
Since you got to an agreement with the owner do you know if they are willing to finance any part of the deal??
How much do you have to put down?

  • Autumn Rankin
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