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Updated about 14 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Oscar Vela Jr.
  • Real Estate Investor
  • Corpus Christi, TX
1
Votes |
8
Posts

Mobile Home Notes Portfolio for Sale

Oscar Vela Jr.
  • Real Estate Investor
  • Corpus Christi, TX
Posted

I am interested in purchasing a mobile home notes portfolio. There are 16 units with value of $325,000 with monthly income of $6,186 and 10% interest. The majority are seasoned and all up to date and none are behind in payments. I would like to make an offer at 85% of total value. However, I am looking for financing and if anyone has any ideas please advise. If I am unable to secure financing I would be willing to offer to someone for a 1% fee.

Most Popular Reply

User Stats

5,700
Posts
3,499
Votes
Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,499
Votes |
5,700
Posts
Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

Oscar- Money in this day and age is MUCH more valuable than 1% fee. Someone with control of investment money is gold these days, imo. Rich

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