Rent, Owner Finance or Sell

[Dan Galvan]

Hello, picked up a nice single wide mobile home on almost two acres for $35K cash a couple of

months ago and after ~$5K in updating and minor repairs, I'm in at about ~$40K.  I could sell for $95-$110K and double my money; however, my main goal is cash flow and I'm really thinking of adding this property to my rentals, but also considering owner financing.  Thoughts??

[Dan Weber]

@Dan Galvan what are your goals? If your goal is a steady stream of income, then renting or maybe owner financing would be worth it. What is your best case scenario for owner financing - 5% on your money? Think about what your goals are and go from there. If you could sell it, take that money and reinvest in something larger that could give you a 10% return, I would suggest doing that.