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Updated 3 months ago on . Most recent reply

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Seller Finance Deal I need opinions on 55+ community

Posted

Hello, I am going to go look at a Mobile home trailer this morning in St. George. It comes with the land so no lot rent but there is an HOA. I can get this to cash flow, albeit only $75 it is still cash flow and in a largely appreciation market. It is in a 55+ community so my concern is that I would only be able to choose tenants from certain demographic. Would this be a deterrent for the seasoned investors? I know mobile homes can sometimes need more work than a stick built home. I am considering this because it is seller finance, low out of pocket and it would get me in a market that is expanding rapidly. Thank you for any input.

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