My second real estate investment, closed May 2020.

[Timothy W Hanson]

Investment Info:

Mobile home buy & hold investment in Rhinelander.

Purchase price: $900,000
Cash invested: $120,000

For my second real estate investment I purchased a mobile home park, my first Mobile Home Park! There are 50 lots on 41 acres of land. 39 of the current 41 homes are tenant-owned, and all tenants pay monthly site rent by automatic ACH bank withdrawal. Monthly rents are $13,595.

Currently, after all expenses (including mortgage, insurance, maintenance fund, tax fund, etc.) there is a true cash flow of $5000 per month or $60,000 per year. Wish me luck, thanks BP!