Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 15 years ago,

User Stats

207
Posts
33
Votes
Joe Pitrolo
  • Investor
  • Morgantown, WV
33
Votes |
207
Posts

Deal Advice

Joe Pitrolo
  • Investor
  • Morgantown, WV
Posted

I have an 88 3 br on rented lot. I just carpeted it and painted it.
The Lot rent is $160.
I am getting tired of LL, so I've been advertising to owner finance at $9500 with $3000 down, payments around $475 mo. for 2 yrs with small balloon due at end. Payments include lot rent, ins., taxes.
I've gotten a lot of calls, but haven't sold yet.
Is it possible my deal structure is too stringent? Maybe I should ask $1500 down and pymts for 3 yrs?
A lot of folks can't afford the down payment.
I know Lonnie talks about income streams.
Possibly I am too worried about collecting quick.

Loading replies...