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Updated about 5 years ago,

User Stats

29
Posts
4
Votes
Gabrielle Simmons
  • Investor
  • Colorado Springs, CO
4
Votes |
29
Posts

Palm Springs CA market

Gabrielle Simmons
  • Investor
  • Colorado Springs, CO
Posted

Hello all, my friend inherited a home in California that she needs to part with but doesn't want to sell on market. I'm not into wholesaling so I'm just seeking advice as far as the numbers go to help get it sold for cash or maybe do a seller finance/ owner finance type thing. its a modular home so I'm unfamiliar with how much they vary from SFH.

she wants at least 100k for it

Estimated value is about 120k

needs maybe 5k at most in repairs

rent estimate is about 1500

total monthly expenses including hoa is about $1010

Would it even make sense to seller finance it? Do modular homes depreciate instead of appreciate?


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