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Updated about 4 years ago,
HELP. I own a lot I. 55+ Mobile home co-op
This all is very new and out of my wheelhouse.
I own shares ($35,000) in a mobile home community (empty lot) in Tampa, Fl; I am in the process of putting a home on the lot and need help knowing how to finance the deal.
Do I pay for the mobile home with cash and then refinance?
Is there a way to use my shares to pay for the home?
I also need some help with the smartest exit strategy;
Do I flip the whole project?
Do I rent it out?
Do I seller finance it?
I am looking to make the smartest financial decision here. I've never dealt with a mobile home or a co-op style real estate investment.