Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply
Where Can I Find $100K For Mobile Home Park
Found a mobile home park which I would love to purchase for the estimated cash flow and low liability.
It's land only with lots divided out and 8 mobile homes in the park.
The seller is renting them for around $150/Month, but I think they could easily rent for $210/month or more ($1,680/Month).
The seller is asking $100K, but I feel she may accept less. I don't know how to go about finding financing for this deal as I'm a little cash strapped right now with another home. Any ideas/advice would be absolutely appreciated! :)
Most Popular Reply
@Joseph Gray do you have any equity in any of your properties? Do you have a good relationship with your local bank? If you have either of these and the property Aprasel is good. You should be able to 100 fin. By holding equity in place of cash.