Mobile Home Pipeline

[Robert Burns]

I'm working with a mobile home park owner on a series of mobile home deals. I have purchased 1 MH and working on 2 more. My goal is to have 6 by year end, $2,400/mo passive income.

Overview of the deals:

Mobile Homes: Used 3 bd 1 or 2 bas
Condition: Totally renovated, set up, skirted and tied down. Central Air/Heat.
Price: $15,500
Rent: $600 - $700/mo,tenant in place at purchase.
Lot Rent: $195/mo
Tenant pays utilities,
Funding: Self directed IRA

All MH's will be in the same park managed by onsite manager/owner.

Any comments?