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Updated over 6 years ago,
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