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Updated 9 months ago on . Most recent reply

User Stats

68
Posts
78
Votes
Jason Velie
  • Rental Property Investor
  • Rocky Point, NC
78
Votes |
68
Posts

44-Pad RV Park (Future Tiny Home Community) 100% SELLER FINANCED!!

Jason Velie
  • Rental Property Investor
  • Rocky Point, NC
Posted

Investment Info:

Other buy & hold investment.

Purchase price: $500,000

- 19 occupied spaces, currently grossing ~$6,900/mo
- 9.5 acres with enough septics and wells (and approval from the county) to have a total of 44 pads!
- $500,000 Purchase Price
- $0 Down Payment
- 4% Interest
- 30 Year Am
- 10 Year Balloon
- Monthly payment: $2,387

Business Plan: Convert to 44-pad tiny home (tenant-owned) community that will cash flow ~$20,000/mo and be worth ~$3.5 million!

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