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Updated almost 3 years ago on . Most recent reply

User Stats

43
Posts
15
Votes
Gearold White
  • Flipper/Rehabber
  • Houston, TX
15
Votes |
43
Posts

Owner finance trailer park near Houston

Gearold White
  • Flipper/Rehabber
  • Houston, TX
Posted

I have a property that the owner is willing to owner finance. I am wanting to know a list of questions I should be asking and looking for.

This is a text from the owner.

200,000 sale

20%down

3.5% 10 year but pay off in 60 months.

Trailer 1 -I don't own she pays$425 per month

Trailer 2 -I own

It's one bed room $750: per month he pays bill

Trailer 3 - I own

3 bedroom 2 bath

$1100 per month

Has 13 months left

He pays all bills

Yard man $100 per month

Taxes about $1300 per year are less.

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