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Updated over 5 years ago,

User Stats

6
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0
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Tariq Arriaga
  • Rental Property Investor
  • Los Angeles, CA
0
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6
Posts

Mobile Home Park investment

Tariq Arriaga
  • Rental Property Investor
  • Los Angeles, CA
Posted

i found a property that cost 600k, the numbers show 225k a year before expenses. which would give a 2.6year return based on (600,000/225,000=2.6years). the only problem is, me and my fiance have no finances for a down payment, and trying to obtain that type of cash, (60-70k) would either take wayy too long or be nearly impossible. we are looking for someone to do a deal with us to let us borrow 60-70k on a contract agreement so we could pay a down payment on a 600-700k loan. the property has been up for about 6years and the monthly income is around 15-18k a month. with me buying the property, it would only switch the owners from them to us. and the very next month after the month of purchase, the 15-18k would come directly to us and we would be able to pay back anything we owe to whomever does a deal with us. if anyone could help with this, id be glad to call or email you about more information on this property but only serious inquiries.

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