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Updated over 11 years ago on . Most recent reply

Donald Thomas's profile image
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Donald Thomas
  • from Fort Smith, Arkansas
  • Member since Dec 1, 2013
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Donald Thomas's profile image
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Donald Thomas
  • from Fort Smith, Arkansas
  • Member since Dec 1, 2013
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Donald Thomas
  • Fort Smith, AR
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Real Estate Deal Analysis & Advice

multifamily trailer properties 12 units

Donald Thomas
  • Fort Smith, AR
Posted

New to the game, I think I have found a great deal but any help, advice etc is so appreciated. A trailer park with 12 units on 3 acres spread out and owner asking 180K with it bringing in 4250 per month in rent. Can I live in one of them and get a 15 or 30 year note? I know a personal loan only carries for 7 year. What would be my best road to take. I can afford about 800-1000 per month . Thanks all

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Matt Devincenzo's profile image
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Matt Devincenzo
  • Investor
  • from Clairemont, California
  • Member since Nov 25, 2011
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Matt Devincenzo's profile image
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Matt Devincenzo
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  • from Clairemont, California
  • Member since Nov 25, 2011
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Matt Devincenzo
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  • Clairemont, CA
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Matt Devincenzo
  • Investor
  • Clairemont, CA
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I'm no MH expert, but those numbers look like the PP needs to come down from his 180K. You may want to reach out to someone like John Fedro ( I can't @ him) to get some more feedback. Good luck!

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