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Updated over 5 years ago on . Most recent reply

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56
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49
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Luke Reninger
49
Votes |
56
Posts

Mobile home selling for cash only

Luke Reninger
Posted

I have a mobile home I’m looking at letting go. Location is in a very nice neighborhood with mostly waterfront homes. There are roughly 20 mobile homes on their own land in the middle of a highly desirable area.

I have the place rented and wanting to wholesale / sell to an investor. Since I haven’t sold any of my investments, I’m curious what people look for.

Cash on cash is 10-12 percent at 100k, 1100 rent a month. 

Redid whole thing so modern appliances and new floor.

Own land so no fees. 

I was told that cash on cash or ROI is really all cash buyers are interested in. Any thoughts on that? Should I offer owner financing since it's an older mobile home and banks likely won't loan on it?




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