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Updated over 6 years ago on . Most recent reply
Buying a 8 unit mobile home park
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
Most Popular Reply
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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?