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Updated about 14 years ago,
Need HML for Mobile Home Park
Located in Southwest Missouri.
15 pads
3 Currently Rented @ $150/month
8 Park-owned homes in various stages of repair, 2 of which can be rented right now for ~$300/month
Purchase price = $32k
Down payment = $3k
I can do the work on them myself, and many of the materials are already included. After fixing each unit, I would either Lonnie Deal or rent them. I could refinance the Lonnie Deal notes to a 3rd party, allowing me to pay off the loan quickly. I cannot manage them myself long term. I would be most interested in paying loan off ASAP and finding someone else to manage after 1-2 years. I know of numerous qualified, trustworthy people to manage park long term.
Thanks!