Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
How do you feel about mobile homes on their own lane?
How do you feel about investing in Mobile Homes on their own land?
I currently have a local landlord that is looking to sell 2 of his. Both sit on 3/4 acres. Property value for both is 86k. Taxes are around $2k yearly and insurance is around $1,200 yearly
Currently rented at market rates of $1,100 and $900 monthly.
He is offering owner financing at $180k PP with 20% down and 5% interest for 15 years no balloon.
Homes are 3 years and 8 years old in good condition.
What do you think? Is it worth it?