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Updated about 5 years ago on . Most recent reply

Kaleb Woods's profile image
Kaleb Woods's profile image
Kaleb Woods
  • Rental Property Investor
  • from Merrimac, WI
  • Member since Dec 26, 2019
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9
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1
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Kaleb Woods's profile image
Kaleb Woods's profile image
Kaleb Woods
  • Rental Property Investor
  • from Merrimac, WI
  • Member since Dec 26, 2019
Connect
Kaleb Woods
  • Rental Property Investor
  • Merrimac, WI
1
Votes |
9
Posts
Mobile Home Park Investing

Land Contract Advice

Kaleb Woods
  • Rental Property Investor
  • Merrimac, WI
Posted

Hi all!

I'm brand new to BiggerPockets, and this RE investing adventure. I'm breaking out of my comfort zone here, and hoping to gather a little bit of advice before I finalize a deal on a 14 unit mobile home park. I am in the works of constructing a land contract with the property owner. The only curve ball I'm facing is that he has a remaining balance on his commercial RE loan. I do not have the cash on hand to pay of his remaining loan balance for the terms of this land contract to make sense. If anybody has any advice for me here I would surely appreciate it!

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