Seems like a good first mobile home deal - is it?

[Sergio Rios]

2017 single wide, I haven’t ran the NADA on it to see the actual value. It’s 1 mile away in a nice community.CLEAN.

Price: $36,500 

AVG RENT: $1,450

-LOT RENT: $500

-LOAN: $573 (10yr term)

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= MONTHLY CASH FLOW $377

I’d need $7,500 down.

Am I trippin’ ? What am I missing?

[Justin Tahilramani]

Well - thats a FEMA unit. Based on what I can see its a 3/2. They typically sell for around 18,000 at auction. Takes another $8 - 10k to get them moved, blocked, tied down, underpinned, etc. Guys is probably marking it up 8- 10k plus lot rent in my opinion.