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Updated about 18 hours ago on . Most recent reply

500K mobile home park
I have a Mobile home park owned by my uncle that has been profiting 84 percent for 15 years consistently. He owns the lot land and trailers . He is selling one to me for 500K. it brings in 5900 a month
I have a primary house I closed January for 600k and it appraised for 900 k
I want to take 150 k out of my house in a home equity loan and then use that 150k as a down payment for a DSCR loan for the other 350K to buy the park
Does my strategy sound logical?