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Updated over 7 years ago on . Most recent reply

Debra Nolan's profile image
Debra Nolan's profile image
Debra Nolan
  • from Greensburg, Pennsylvania
  • Member since Oct 9, 2017
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Debra Nolan's profile image
Debra Nolan's profile image
Debra Nolan
  • from Greensburg, Pennsylvania
  • Member since Oct 9, 2017
Connect
Debra Nolan
  • Greensburg, PA
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Mobile Home Park Investing

Getting Started in MHP - Seller Finance

Debra Nolan
  • Greensburg, PA
Posted

Hi all,

 newbie trying to get started in MHP investing.  I have been reading and learning as much as I can via books, forums, podcast, etc but I am stuck on the one thing that is stopping me from getting started - Financing 

I'll be honest - I don't have the downpayment, I only have a HELOC that I could use in the range of $200k - $250k.

My goal is to generate income of 2-3k/mo.

What advice would you give to start ? should I limit my goal to a MHP valued at that range or use the HELOC as down and capital investment monies?

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