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17
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2
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Cody Purtle
  • Investor
  • Houston, TX
2
Votes |
17
Posts

MH rental in a MH park

Cody Purtle
  • Investor
  • Houston, TX
Posted

I recently came across a 6 yr old MH in a MH park that is in a desirable area. I found a lender that would let me finance for 10 yrs with 20% down and 8% interest. I spoke with the park manager and renting properties is allowed.  After running some numbers including the mortgage, insurance, property taxes and the actual lot rent I would still make positive cash flow. Just wondering if this would be a wise decision to move forward with. Has anyone had experience investing in a MH park???   

Thanks

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