Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 18 hours ago on . Most recent reply

User Stats

26
Posts
9
Votes
Diandre Pierce
9
Votes |
26
Posts

500K mobile home park

Diandre Pierce
Posted

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?

Loading replies...