Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Small Mobile Home Park Analysis (seems to good to be true)
I am newbie looking at jumping into my first park. I have been scouring the web and found one that seems to good to be true.
- 17 lots ($200 per lot)
- 100% occupancy
- 0 seller owned homes
- tenants pay city sewer/water/metered electric
- Annual taxes = $1300
- Owner asking $265k
It seems like I would only have to pay for trash and lawn care. I spoke with he owner and he stated that many of the units are owned by the same individual and rented out to tenants. I am worried that this person my have too much power in the area. Does this deal seem to good to be true or am I missing something?
Thoughts?