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Updated about 6 years ago,

James Gravitt's profile image
James Gravitt's profile image
James Gravitt
  • Rehabber
  • from Dallas, Texas
  • Member since Apr 19, 2009
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User Stats

60
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8
Votes
James Gravitt's profile image
James Gravitt's profile image
James Gravitt
  • Rehabber
  • from Dallas, Texas
  • Member since Apr 19, 2009
Connect
James Gravitt
  • Rehabber
  • Dallas, TX
8
Votes |
60
Posts
Mobile Home Park Investing

How to figure interest

James Gravitt
  • Rehabber
  • Dallas, TX
Posted

Can someone help me with financing? If I had a MH for sale for $8000 and charged 10% interest, how do you figure it? Surely its not just adding 10% to the total for $8800, is it? Is it compound interest?

Any help would be appreciated.

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