Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

5
Posts
1
Votes
Ken Perry
  • Raleigh, NC
1
Votes |
5
Posts

Need help or advice or a push to pull the trigger

Ken Perry
  • Raleigh, NC
Posted

Hey all this is my first post after lots of forum stalking. I have come across a deal to acquire 7 rental properties. All mobile homes, ranging from early 90's to early 2000's. It's a package deal with owner financing from a family member looking to retire. He's selling them as a package deal and looking for 80% of tax value. Some have been remodel and some almost gutted. All currently rented. Rsning from $650 a month up to $725. Tax values range from 58k to 78k.  Balloon payment at the end of 5 years. My biggest concern is bank refinancing at the 5 year mark. What else should I be looking at?? Please help me

Loading replies...